Air Canada Increases Fares and Reduces Capacity Amid Fuel Price Volatility
Air Canada has announced fare increases and capacity reductions in response to the ongoing volatility in jet fuel prices. The airline, based in Montreal, is implementing these measures to offset the rising costs associated with the disruption in global energy markets, particularly due to the conflict in Iran. Air Canada has been proactive in adjusting its operations, including cutting less profitable routes and increasing fares to manage expenses. The airline's financial outlook remains cautious, with expectations of minimal capacity growth in the near term. 
