Wall Street Journal
• Andrew Tangel
The FAA is seeking to dismiss two air traffic controllers who allegedly left LaGuardia before an Air Canada Express aircraft collided with an airport fire truck on March 22, killing both pilots. The controllers are among roughly a dozen employees facing action in a timecard-fraud inquiry.
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The FAA is moving to dismiss two air-traffic controllers who allegedly left their shifts early before an Air Canada Express aircraft collided with a fire truck at New York’s LaGuardia Airport in March, according to people familiar with the matter. The collision was fatal.
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The FAA is seeking to dismiss two air traffic controllers who allegedly left LaGuardia before an Air Canada Express aircraft collided with an airport fire truck on March 22, killing both pilots. The controllers are among roughly a dozen employees facing action in a timecard-fraud inquiry.
Air Canada is seeking to buy back as much as $580 million of its outstanding shares, a move that would return capital to investors and reduce the company’s share count if fully executed. The announcement adds a significant capital-allocation decision to the carrier’s financial strategy.
A $1.8 billion transaction involving Air Canada’s loyalty program suggests the customer-rewards business is worth more than the airline itself, highlighting the financial value of frequent-flyer data, membership and recurring partner revenues relative to core airline operations.
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Air Canada reported record operating revenue of $6.3 billion in the second quarter of 2026, citing strong demand as the primary driver. The result highlights continued revenue momentum for the carrier, while higher costs remain a key factor shaping profitability and operating performance.
Air Canada expects September and October revenue to break records, driven by premium travelers shifting trips away from Europe and Japan’s peak summer heat and crowds. The outlook points to continued strength in premium demand and a potentially broader seasonal reshaping of long-haul travel patterns.
Air Canada will use a $1.8 billion investment to repay outstanding bonds, directing fresh capital toward balance-sheet obligations rather than fleet or network expansion. The available report does not identify the investor, timing, bond maturities or other terms of the transaction.
Air Canada is planning to launch service to Nigeria in 2027, marking the carrier’s entry into the Nigerian market. The announcement points to a prospective expansion of its Africa network, though the available information does not specify the destination city, route, frequency or aircraft type.
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