MONTREAL (AP) — Canada’s largest airline on Monday announced a billion-dollar loss and announced mandatory temperature checks for customers amid the coronavirus pandemic.
“We’re now living through the darkest period ever in the history of commercial aviation, significantly worse than 9/11, SARS and the 2008 financial crisis,” CEO Calin Rovinescu said on a conference call with analysts Monday.
The U.S.-Canada border remains closed to all nonessential travel.
Since mid-March, the airline has slashed its flight schedule by more than 90% and grounded more than 200 aircraft, cutting service internationally to just five airports. The company burned $22 million Canadian (US$1.6 million) in cash per day in March.
Air Canada said it lost $1.05 billion Canadian (US$748 million) in its first quarter, compared with a profit of $345 million in the same quarter last year as governments imposed travel restrictions around the world due to the COVID-19 pandemic.