Air Canada (TSX:AC) News and Share PriceIndustrial
Air Canada is a leading Canadian airline that provides scheduled passenger services in the country, US-Canada transborder and overseas market.
The air carrier was initially known as Trans-Canada Air Lines. Trans-Canada Air Lines ran its first flight of 50-minute duration between Vancouver and Seattle on September 1, 1937, and carried two passengers and a mail.
In 1964, it was renamed as Air Canada.
In 1989, the airline became fully privatized. The Canadian airline is listed on the Toronto Stock Exchange and OTCQX International Premier in the United States.
The stocks are trade under the ticker ‘AC’ on the TSX and under ‘ACDVF’ on the OTCQX.
Its corporate headquarters is located in Montreal, Canada.
The airline has three principal hubs, namely Toronto (YYZ), Montreal (YUL) and Vancouver (YVR), to provide passport check facility for Air Canada passengers. The company is said to be among the 20 largest airlines worldwide.
The airline offers premium services, including premium economy cabins, preferred seats, signature suite, Maple leaf lounges and complimentary Wi-Fi.
Air Canada also offers online app services like flight bookings, car rentals, hotel stays, self-service kiosks, real-time mobile updates and rebooking tools during irregular operation or severe weather conditions.
This airline has inked a transborder capacity purchase agreement with Jazz Aviation LP to strengthen its North American domestic network. The Canadian regional carrier, Jazz Aviation LP, operates flights under the brand- Air Canada Express.
Air Canada is also a founding member of Star Alliance, a global air transportation network.
The company also offers charter aviation services to business class customers and corporate clients, professional sports teams and entertainment groups.
Air Canada was reportedly named the best airline in North America in 2019 by an independent research firm based in the UK, including Eco-Airline of the Year, in 2018, for voluntarily joining the World Bank’s IMF Carbon Pricing Leadership Coalition.
The company launched a transformed loyalty program for its Aeroplan credit cardholders to redeem flights at better prices.
The airline has also launched Canada CleanCare+ program to provide end-to-end health and safety protocols for its customers to ensure safety and hygiene.
Air Canada Centre, ZIP 1273 P.O. Box 14000, Station Airport Dorval, Québec H4Y 1H4