air canada coronavirus

Air Canada says it's going to lose $200 million because of coronavirus

On Tuesday, Air Canada announced that it expects to lose $200 million because of coronavirus.

The Canadian airline was forced to cancel flights to mainland China last month following the outbreak of the deadly virus, including routes to Wuhan, Beijing, and Hong Kong.

Air Canada expects to take a massive hit in first-quarter earnings as a result of the cancellations.

The airline also cited the grounding of its Boeing 737 MAX as a primary contributor to its financial loss.

Chief Financial Officer Michael Rousseau said that routes connecting major Canadian cities to Beijing and Shanghai comprise about six per cent of Air Canada's available seat miles.

Air Canada believes that the cancelled routes to China — currently suspended until March — will be operational again by summer 2020, based on data from previous virus outbreaks.

Lead photo by

Ethan McArthur

Latest Videos

Join the conversation Load comments

Latest in News

Someone just spotted one of the weirdest looking fish washed up in Canada

Bear in Calgary caught eating Halloween pumpkins while residents were sleeping

Vancouver woman shoved out of bus after spitting on a fellow passenger

Air Canada and WestJet bicker over plans to refund airline tickets

Poppy donation boxes in Canada will soon take credit cards

COVID internment camps in Canada don't exist despite what you might have heard

Canada won't be having a snap election this fall

Someone is setting fire to toilet paper at Walmart stores in Canada