Air Canada Sees Business Travel Rebound as Early as Sept., Executive Says

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May 18. Air Canada (AC.TO) sees higher-margin business travel coming “quite close” to pre-pandemic levels by as early as September, in the latest encouraging sign for the once hard-hit sector, a top executive told Reuters.

Globally, business travel has lagged leisure in bouncing back from a COVID-19-induced slump, but airlines say it is now rebounding in North America as offices reopen and COVID restrictions ease.

Corporate travel is important for airlines because of demand from frequent flyers and appetite for higher-margin premium fares.

Air Canada said earlier this year it expects business travel to reach 40% below 2019 levels by June, and return to 75% to 80% of pre-pandemic levels by 2023.

Canada’s largest carrier is seeing a steady recovery in business travel demand although the rebound in the country’s overall air traffic has lagged that of the United States.

Source: Reuters

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122920cookie-checkAir Canada Sees Business Travel Rebound as Early as Sept., Executive Says