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Air Canada needs deep restructuring: analyst

Costs have to be cut by at least 25 per cent just to break even?


July 21, 2009
By Drew McCarthy

Jacques Kavafian of Research Capital said today that Air Canada needs to undergo a more severe restructuring than previously
anticipated to respond to a worsening outlook for the airline industry
this fall.

He added that that means costs have to be cut by at least 25 per cent just to break even.

What do you make of all this?

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