David Milstead
David Milstead
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Air Canada reducing summer flights as industry faces ‘unprecedented strains’ on travel operations

Air Canada reducing summer flights as industry faces ‘unprecedented strains’ on travel operations

, citing “unprecedented strains” on the airline industry from resurgent travel, says it is cancelling 154 flights per day in July and August, or 15 per cent of its schedule.“Regrettably, things are not business as usual in our industry globally, and this is affecting our operations and our ability to serve you with our normal standards of care,” chief executive Michael Rousseau said in a message to customers Wednesday night.“Despite detailed and careful planning, the largest and fastest scale of hiring in our history, as well as investments in aircraft and equipment, it is now clear that...

June 30, 2022
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Metro pays out near-maximum bonuses to executives after topping profit targets

Metro pays out near-maximum bonuses to executives after topping profit targets

Metro Inc. paid out near-maximum bonuses to its top executives, saying that while the COVID-19 pandemic indeed fuelled a rise in sales in the past year, the supermarket chain was well on its way to topping its profit targets anyway.The top five best-paid Metro executives received a combined total of $3.48-million in annual bonuses for the fiscal year the company completed on Sept. 26, including $1.43-million for chief executive Eric La Flèche. The bonuses were 3 per cent to 5-per-cent higher than the prior year.The Quebec-based grocer is the first major Canadian company that experienced a...

December 21, 2020
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