Air Canada says fuel costs spiked 49% from last year, with travel demand up | Unpublished
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Source Feed: Global News - Canada
Author: Ariel Rabinovitch
Publication Date: August 12, 2026 - 11:48

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Air Canada says fuel costs spiked 49% from last year, with travel demand up

August 12, 2026
Air Canada said it spent 49 per cent more on aircraft fuel compared to a year ago while demand for air travel boosted its revenue, and it plans to sell a quarter stake of Aeroplan.


Unpublished Newswire

 
WASHINGTON, D.C. — Canada’s trade negotiators are racing to avert 50 per cent tariffs on hundreds of Canadian exports, imposed under the never-before-used Section 338 of the Tariff Act of 1930 and scheduled to take effect on Aug. 19. Canada-U.S. Trade Minister Dominic LeBlanc and Chief Negotiator Janice Charette are reportedly working with U.S. Trade Representative Jamieson Greer’s team on a deal to present to Trump early next week, aiming to avert the Section 338 tariffs and secure relief from Section 232 tariffs that have battered the lumber, aluminum and steel industries While a...
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