Air Canada’s US bookings to drop “in the low teens on average over the next six months”

Reuters »

Canada’s largest carrier on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts’ estimates on softer trans-border traffic.

Air Canada previously said its decline in US-bound bookings over the next six months mirrored an industry-wide drop of roughly 10%.

“Uncertainty was for sure the main theme during the first quarter,” CEO Mike Rousseau told analysts.

“We are experiencing booking declines on the trans-border market in the low teens on average over the next six months.”