Air Canada reports highest ever EDITDA, JetBlue traffic up 8% in Jan-2011
The carrier approved a special employee equity grant of CAD14 million to all eligible employees worldwide, where permitted. Air Canada unions have been pushing for wage increases following the positive results announcement. The carrier is about to commence negotiations with unions on new contracts.
Elsewhere, shares in US LCC JetBlue eased 0.2%. The airline reported its Jan-2011 traffic highlights, showing an 8.3% improvement in passenger traffic and a 5.9 ppt increase in passenger load factors to 80%. Encouragingly the airline's unit revenue (per ASM) was up 13%.
Selected North and Latin American airlines daily share price movements (% change): 10-Feb-2011