Ottawa has offered poor Air Canada a 21 month holiday on pension fund payments.
Have we been here before with GM?
Have we been here before with GM?
Here We Go Again
- Thread starter blackrock13
- Start date
Will WestJet and Porter get the same treatment?? Me thinks not. Unreal. I am all for supporting Canadian industry, especially vital and high-profile ones like Air Canada. But....why is government competing with private industry?
I was looking for airfares to go to Winnipeg (not for myself) and I just can't believe the prices are so high. It was almost $500 return. IMHO, I think it's insane. The airlines will jack up the price even for last minute flights and will leave the plane nearly empty for a scheduled flight.
I recently was travelling in the U.S. and flights were not nearly as much. Not even close come to think of it. I understand it is much more expensive to fly out of Toronto but it shouldn't be that much more and the airlines should promote lower fares within our great country.
I would think that they would want to fill the plane before it took off.
I recently was travelling in the U.S. and flights were not nearly as much. Not even close come to think of it. I understand it is much more expensive to fly out of Toronto but it shouldn't be that much more and the airlines should promote lower fares within our great country.
I would think that they would want to fill the plane before it took off.
CapitalGuy said:
Daughter checked a flight from Halifax to TO return 1,000.00 plus
Westjet just over 500 to Hamilton
No wonder they are losing money!!!!!!!!!!
I rarely if ever fly AC I fly out of Buffalo usually SOUTHWEST I dont need frills etc. Its easier cheaper less hassles.Once you cross border you have cleared US Customs.
SkyRider said:
Defined benefit pension plans are underwater because the growth in pension plan assets from an appreciating stock market up until mid '08 was greater than the increase in liabilities. With the market losing 30% of its value its easy to see how they got to where they are now.
Problem is most of the plans are funded only by the employer with no employee contributions....that just leads the road to bankruptcy when business declines.
