Air Canada shares slide over 10% as earnings miss, U.S. travel demand stays weak
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The airline continues to see lower demand for trips to the U.S., with revenue dropping 11 per cent on eight per cent less capacity, says president and CEO Michael Rousseau.
According to Statistics Canada, Canadian return trips by air from the U.S. declined throughout the first five months of 2025, dropping 14 per cent year-over-year in April and 24.2 per cent in May.