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Air Canada ‘encouraged’ by government aid talks amid travel slump | Aviation News

The airline said it is going to burn more cash this quarter after reporting fourth-quarter revenue that trailed analysts’ estimates.

Air Canada’s top executive sounded more optimistic on the chances of a government aid package, as a prolonged travel slump forces it to further cut capacity.

Canada’s biggest airline said it’s going to burn more cash this quarter after reporting fourth-quarter revenue that trailed analysts’ estimates. Yet outgoing Chief Executive Officer Calin Rovinescu, who has criticized the government of Justin Trudeau for not supporting the industry, struck a more positive tone this time.

Rovinescu said in a statement he’s “very encouraged by the constructive nature of discussions” with the government…

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