"The world loses 10 million to 15 million barrels of oil a day due to a closure of the Strait of Hormuz, according to an investment strategist at Raymond James, as airlines, including WestJet and Air Canada, begin to cut capacity into summer months."
The war in Iran has triggered a reversal in the nearly two-year trend of annual decreases in airfares, with energy shocks from the conflict prompting a year-over-year rise in Canadian ticket prices last month.
Taxpayers flooded Ontario Premier Doug Ford's cellphone over the weekend with complaints about the province's purchase of a $29-million jet to fly him around the province, he said Monday.
Skyservice Business Aviation took delivery of the first Canadian-registered Gulfstream G500, following Transport Canada’s type certificate validation in February.
Federal Liberals say suspending some taxes on fuel is a "responsible" way to tame prices, while Conservatives accuse the government of taking half-measures.
Canadian military just had a banner year for recruitment, but not enough for the defence minister to declare an end to what predecessor called a personnel “death spiral.”
A recent internal audit that outlined major problems in military procurement led to some of the changes to the system introduced under Prime Minister Mark Carney.
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A looming jet fuel shortage in Europe and Asia sparked by the Iran war could further upend world travel within weeks if oil doesn't start flowing again soon.
Eight months into Ottawa’s investigation into flight attendants’ allegations that they’re forced to do unpaid work, union is raising concerns it won’t result in any change.
By linking accounts through both companies' offerings, members will be able to earn their preferred loyalty currency on fuel, car washes and convenience store purchases.
An arbitrator has ordered Air Canada to grant back pay to seven pilots denied religious exemptions from the airline's mandatory COVID-19 vaccination policy.
