At least three years until 'cataclysmic' virus fallout recedes: Air Canada

With losses topping $1 billion last quarter, Air Canada says it will be at least three years before flights and earnings return to 2019 levels as the "cataclysmic" effects wrought by the COVID-19 pandemic continue to mount. "We're now living through the darkest period ever in the history of commercial aviation, significantly worse than 9/11, SARS and the 2008 financial crisis," CEO Calin Rovinescu said on a conference call with analysts Monday. "There is no doubt that we are not yet out of the t