The company learned valuable lessons during the "operationally challenging" summer months that it is applying to current operations as travel demand continues to bounce back, said chief executive
After operational improvements in late summer, the airline is now performing at pre-pandemic levels as it continues to increase staffing numbers, he said in a news release.
"We sincerely regret any inconveniences that have occurred,” said Rousseau.
With the cancelled flights and airport gridlock of the summer still fresh in the minds of many travellers, he looked to reassure passengers about the lessons the airline has learned.
“With customers booking their winter and holiday getaway travel, they can have full confidence in our ability to carry them safely and conveniently."
While travel disruptions continued throughout July, there were improvements in August and September that helped see
The positive results drove the airline's shares up 3.7 per cent to above
The airline said it had
In addition to high demand, this quarter also saw high ticket prices that helped offset fuel costs, said
An unfavourable foreign exchange rate added to the high price of aircraft fuel, which increased more than 80 per cent from the third quarter of 2021, said
An improved passenger load of 86 per cent, up from 71 per cent in 2021, also helped to mitigate these costs, as fuller planes also led to better than expected cost per seat reductions, said Spracklin.
Overall,
While the airline does not expect to return to 2019 capacity levels before 2024, Rousseau said that he likes where the airline is at right now from “a demand perspective, a yield perspective and from a capacity perspective.”
The airline says the loss amounted to
Revenue for the quarter totalled
This report by The Canadian Press was first published
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