Air Canada says its senior executives have chosen to return their 2020 bonuses in response to "public disappointment." The airline company says in a news release the president and CEO, as well as executive vice-presidents of Air Canada, have volunteered to return their bonuses and share appreciation units. Former president and CEO Calin Rovinescu, who retired in February 2021, says he will also donate his share to the Air Canada Foundation. The statement does not include middle managers, whose bonuses made up more than $8 million of the $10 million bonus program, among those who are volunteering their bonuses. "While this situation could have been entirely avoided by Air Canada, we acknowledge this step in the right direction by the top five executives to repay 2020 bonuses and share appreciation units they received," the ministers said in a joint statement released Sunday night.

Source: CBC News June 07, 2021 12:56 UTC