Air Canada to request govt help

Air Canada is retracting financial guidance and cutting operations as the global coronavirus pandemic hits airlines, while asking the Canadian govt to help with financial losses it expects to suffer in the coming months. “The crisis facing our industry is worsening as countries around the world adopt increasingly severe measures, national lockdowns and travel restrictions,” writes CE Colin Rovinescu Monday. “We understand that the govts of the US and many European countries...have approved or are considering assistance for their airline industries in one form or another. Under these circumstances, we believe that the Canadian airline industry should also see similar assistance,” he says. <br/>