Event brings together senior officials and key business leaders
Air Canada reported a lower second-quarter profit on Wednesday, as excess capacity in certain markets and stiff competition on international routes hurt its pricing power.
North American carriers are struggling to protect their pricing power as a rush to cash in on booming demand for summer travel left them with excess capacity, forcing them to offer discounts to fill seats.
Last month, the carrier cut its full-year core profit forecast citing a lower yield environment and competition in international markets.
Airlines are also facing heightened costs associated with labour and aircraft maintenance.
Air Canada is yet to finalise a new contract with the union representing its pilots, which might come with additional cost pressures for Canada's largest airline.
The carrier's profit fell to C$410 million ($298.23 million) or C$1.04 per share, from C$838 million, or C$2.34 per share, a year earlier.
The Canadian carrier's operating revenue rose two per cent to C$5.52 billion in the quarter ended June 30.
Event brings together senior officials and key business leaders
Other areas of cooperation include exchange of knowledge and experiences in public auditing
Debonair by Andrea Blk is preparing to relaunch with a new collection
The excess producing countries also reaffirmed their commitment to compensate for the full volume of excess production by September 2025
Founded 55 years ago, the fashion brand now has over 450 stores across 17 markets
Move boosting downstream manufacturing status and operation 300bn
Move will strengthen the UAE’s position as a leading international financial centre
Move underscores India's growing role in the global supply chain