Porter Airlines, EVP & CFO, Rob Palmer, at the CAPA Airline Leader Summit Americas 2025
Porter Airlines, EVP & CFO, Rob Palmer spoke to CAPA TV at the CAPA Airline Leader Summit Americas 2025 in the Cayman Islands, about latest industry trends and company developments.
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Transcript
Rob Palmer:So from a transborder side of things, we are seeing a definite shift in booking patterns as a result of the tariffs that have been introduced. So we are seeing Canadians less likely to book to go to the US. In Canada, in the wintertime, it's always very common for people to escape the winters and go someplace warm, and the US destinations have been a favorite over the years. For us, it's Florida and Southwest US. But over the last 2 months, 6 weeks, we've seen a reduction in number of those bookings as a result of the tariffs. So we've reduced some of our capacity in the US over March, April, May, and we're allocating quite a bit more of that capacity in Canada, so domestically over the summer. So we feel the summer season is already the strongest domestically, and we feel this summer will be even stronger As a result of Canadians wanting to travel locally, they want to travel domestically, they want to go east-west, so they'll go visit Vancouver or Halifax instead of going someplace in the US. So we've adjusted our our capacity and our network to accommodate that. So we'll have nine aircraft being delivered this year. We've already had one for us from an Embraer side of things. So we continue to take our aircraft as per our delivery schedule. We have 44. We ended the year with 43. We had one delivered recently and we've got 8 more to go this year.
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