Share this Story: Opinion: Taxpayer bailout of Air Canada would be appallingOpinion: Taxpayer bailout of Air Canada would be appalling The company is sitting on piles of cash, so, what exactly needs bailing out? It’s time to draw the line against additional airline subsidies, and support for Air Canada in particular. Try refreshing your browser, or Opinion: Taxpayer bailout of Air Canada would be appalling Back to video For the past year, Air Canada has been sitting on $2.3 billion collected in advance fares for flights that never took place, refusing to refund those customers. On March 3, it was reported that Air Canada is willing to do the right thing as part of a bailout package. Financial statements indicated that in 2019, Air Canada generated record operating revenues of more than $19 billion, with record unrestricted liquidity.

Source: National Post March 15, 2021 14:11 UTC