Air Canada to resume operations after cabin crew strike ends
Summary
Air Canada is restarting flights after reaching a deal with its cabin crew union, ending a strike that lasted nearly four days. The strike affected about 130,000 travelers daily and led Air Canada to withdraw its earnings guidance. The airline plans to gradually resume services, with full operations expected to take up to a week.Key Facts
- Air Canada reached an agreement with its flight attendants' union, ending a strike.
- The strike was the first by Air Canada's cabin crew in nearly 40 years and lasted almost four days.
- Around 130,000 travelers were impacted each day during the strike.
- Issues in the dispute included unpaid work, work rules, and low wages.
- The Canadian Union of Public Employees represents about 10,400 Air Canada flight attendants.
- The union claims the resolved issues include unpaid work and poor wages.
- Shares of Air Canada rose 4% after the news of the strike’s end but had a 14% decline over the year.
- Full restoration of flight schedules may take a week or more, with some flights remaining canceled.
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