After hundreds of thousands of passengers’ travel plans were disrupted by the first cabin staff strike in 40 years, Air Canada’s unionized flight attendants reached an agreement with the nation’s largest carrier on Tuesday.
The airline, which transports over 130,000 passengers every day, withdrew its third-quarter and full-year earnings guidance due to the strike, which lasted for almost four days.
Early trading saw a 4% increase in Air Canada shares. This year, they have already lost 14% of their value.
The carrier stated that a complete restoration might take a week or longer and that it will gradually restart operations.
