TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Canada’s only airline is losing millions

Vedica Singh by Vedica Singh
March 18, 2023
in Canada, Geopolitics
Canada’s only airline is losing millions
Share on FacebookShare on X

The health of the Canadian North is ailing, as airlines in Canada struggle to stay afloat amidst plummeting demand and increased operational costs. Canadian North, in particular, has been severely affected by the Federal government’s policies, and the future appears gloomy for the company.

Canada’s only airline struggling 

Despite being one of the country’s largest airlines, Canadian North is currently facing financial trouble and is losing money. Many people may be surprised by this, as they expect the airline to be making millions of dollars given its significant role in the sector. However, the reality is the exact opposite.

Also Read

China’s Mysterious J-36 Stealth Jet: Rival to US B-2 or Another Military Misfire?

How is Russian Oil Entering Europe Through Greece? “Shadow Fleet”?

Can Trump Arrest or Deport Zohran Mamdani?

(Source: Cabin Radio)

During his keynote speech on February 10th, Aatami, the president of Makivvik Corp., revealed that Canadian North is losing millions due to a variety of issues, including COVID-19 travel restrictions, rising fuel prices, and federal limitations related to the 2019 merger of Canadian North and First Air. He also mentioned that the airline is seeking support from the Government of Canada to revisit the conditions that were imposed upon the merger. However, the government’s response has been lackluster, leaving the future of the airline uncertain.

(Source: POLITICO)

Canadian North is jointly owned by Makivvik and the Inuvialuit Development Corp., and both companies are actively looking for government assistance. When the merger of Canadian North and First Air was approved in 2019, there were terms and conditions that came with it, including limitations on price increases for passenger travel and cargo deliveries, as well as a seven-year ban on any schedule changes. These conditions have challenged the airline’s operating costs, and it remains unclear whether Canadian North is making a profit or losing money.

Read More: Canada’s Workforce in Crisis: Even $10/Day Care is Out of Reach

As air travel continues to play a significant role in our contemporary society, it is crucial for the government to recognize the aviation industry’s importance and support struggling airlines. Air travel has transformed the way we live, work, and play, enabling us to interact with people and places that would otherwise be inaccessible. In the meantime, the future of Canadian North hangs in the balance as it attempts to weather the storm and emerge stronger on the other side.

Read More: Your Police is stealing your wealth in Trudeau’s Canada

https://www.youtube.com/watch?v=yFg3vZAyRgY

ShareTweetSend
Vedica Singh

Vedica Singh

Columnist, TFI Media. Seeker. Opinionated. Life long student.

Also Read

China's Mysterious J-36 Stealth Jet: Rival to US B-2 or Another Military Misfire?

China’s Mysterious J-36 Stealth Jet: Rival to US B-2 or Another Military Misfire?

July 2, 2025
Greece’s Shadow Oil Trade: The Vilamoura Explosion and Russia’s Murky Energy Web

How is Russian Oil Entering Europe Through Greece? “Shadow Fleet”?

July 2, 2025
U.S. Halts Key Weapons Shipments to Ukraine Amid Stockpile Concerns, Shifts Focus to ‘America First’ Defense Priorities

Trump HALTS Key Weapons Shipments to Ukraine Over Stockpile Concerns, Is USA Pulling Back?

July 2, 2025
Iran’s Nuclear Ambitions in a Global Context (Picture Credit: Foundation For Defense of Democracies)

Power or Survival? Iran’s Nuclear Ambitions in a Global Context

July 2, 2025
How UK govt failed to act, as grooming gangs from 4% Pakistanis committed 64% child sexual abuse in Rotherham alone

How UK govt failed to act, as grooming gangs from 4% Pakistanis committed 64% child sexual abuse in Rotherham alone

July 2, 2025
Erdogan betrays Putin? Turkey to dump S-400 to get F-35 deal, India comes in for Russia, will take the S-400 instead?

Erdogan betrays Putin? Turkey to dump S-400 to get F-35 deal, India comes in for Russia, will take the S-400 instead?

July 2, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.