WestJet blasts Canada’s jet-fuel bailout: tax suspension plus subsidized loans as Strait of Hormuz volatility bites
Canada is moving to cushion airlines from rising jet-fuel costs with a fuel-tax holiday and subsidized loan funding. WestJet condemned the proposal as a taxpayer-backed “artificial” market distortion, arguing the measure primarily advantages carriers such as Air Canada as the Strait of Hormuz closure continues to roil fuel prices.