06 Jul Choose Air Canada as the airline which is impacted
Choose Air Canada as the airline which is impacted.These are the reasons how this airline is being impacted:1. The demands for flights are reduced significantly,because people are scared of travelling because the of virus. So many flights are going to be empty and the airline decided to cancel more than 70% of existing scheduled flights.2. The governments imposed restrictions and travel bands. They closed their borders. All the non-essential flights and travels are banned. So people can not go anywhere.What did airlines do to mitigate losses?1. They Parked their fleet, meaning the planes are grounded and planes are not flying2. They offered new retirements packages to their employee3. They reduced block hours for staff so that means they work less,thus airline spends less money on the employee4. For the flights that are canceled, Air Canada did not refund the money however, they have credited people to use that amount within two years. This means the capital is still remaining in the system5. They laid off thousands of employee or they been offered leave of absence (unpaid obviously)6. The price of fuel is super cheap now, which is a factor significant for airlines. That helped airlines a bit to save some money on the gas price.Citation APA. The sources should be archival. In text citation required. feel free to As many as sources you need.
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