Description: Air Canada ranked tenth – i.e. last – for on-time performance among ten North American airlines. Westjet came in at seventh place, while Delta finished first overall. Industry watcher John Lawford of the Public Interest Advocacy Centre suggested this poor result “would seem to be a good wake up call for Air Canada.”

Date:  January 2, 2023

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/air-canada-performance-on-time-1.7072663

Discussion points:

1) Do you have any personal experience with Air Canada failing to meet their promised arrival time?

2) If you were in a financial career at Air Canada, what information could you provide to senior management that might help them address this apparent problem?

3) Page 9-38 of Wiley’s Financial Accounting: Tools for Business Decision-Making discusses Return on Assets and Asset Turnover for Cargojet and Air Canada for the years 2020 and 2021. What were Air Canada’s results on these ratios for 2022?