{"id":383436,"date":"2020-11-10T11:11:03","date_gmt":"2020-11-10T05:41:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383436"},"modified":"2020-11-10T11:47:24","modified_gmt":"2020-11-10T06:17:24","slug":"air-canada-soars-as-much-as-29-on-vaccine-and-cash-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-canada-soars-as-much-as-29-on-vaccine-and-cash-outlook\/","title":{"rendered":"Air Canada soars as much as 29% on vaccine and cash outlook"},"content":{"rendered":"<p>Air Canada jumped as much as 29%, the most since March 25, after the airline said it burned less cash than expected in the third quarter and Pfizer Inc. reported good results from tests of a Covid-19 vaccine.<\/p>\n<p>The shares were up 21% to C$19.13 in Toronto as of 9:46 a.m. Before the markets opened Monday, Air Canada said flight capacity will drop 75% in the fourth quarter compared with a year earlier. But the airline will put off decisions about suspending even more routes while it talks with the Canadian government about financial aid.<\/p>\n<p>\u201cI would be cautiously optimistic&#8221; about the impact of a vaccine, Chief Executive Officer Calin Rovinescu said in a conference call with analysts. In the meantime, the company is pressing the Canadian government for better Covid-19 testing at airports so that it can relax the mandatory 14-day quarantine for travelers coming into the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air Canada jumped as much as 29%, the most since March 25, after the airline said it burned less cash than expected in the third quarter and Pfizer Inc. reported good results from tests of a Covid-19 vaccine. The shares were up 21% to C$19.13 in Toronto as of 9:46 a.m. Before the markets opened Monday, Air Canada said flight capacity will drop 75% in the fourth quarter compared with a year earlier. But the airline will put off decisions about suspending even more routes while it talks with the Canadian government about financial aid. \u201cI would be cautiously optimistic&#8221; [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-383436","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=383436"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383436\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}