Air Canada has announced it will accelerate the retirement of its Airbus A319, Boeing 767, and Embraer 190 fleets.
As a result of plummeting air travel demand, airlines continue to accelerate the retirement of their older and less efficient aircraft. Air Canada is now the latest airline to announce plans for retiring their aircraft early.
Air Canada will be retiring a total of 79 aircraft early:
- The 14 remaining Embraer 190s will leave Air Canada’s fleet immediately.
- These were previously scheduled to be retired by the end of 2020 anyway.
- Air Canada will retire all 35 Airbus A319s from its fleet.
- This consists of 13 Air Canada mainline A319s and 22 Air Canada Rouge A319s.
- Air Canada will retire 30 Boeing 767-300s from its fleet.
- This consists of 5 Air Canada mainline 767s and 25 Air Canada Rouge 767s
- The mainline 767s were set to be retired in 2021 but the Air Canada Rouge 767s were supposed to remain in the fleet.
This creates a unique situation for Air Canada Rouge. The Boeing 767-300 is the low-cost airline’s only long-haul aircraft. Air Canada Rouge flies to several unique international destinations using its 767s, such as Algiers, Bucharest, Marseille, Nice, Porto, Zagreb, Warsaw, and more. These destinations will likely be suspended for a while or potentially terminated.
By retiring all 767s and A319s, Air Canada Rouge will lose 71% of its fleet.
As part of this announcement, Air Canada reported a $1.049 billion net loss for the first quarter of 2020.
Air Canada believes it will take three years for capacity and revenue to return to 2019 levels
Press Release/Image Credits
Once again, another airline retiring their aircraft early because of this crisis. Sad to see these go and the huge impact it’ll have on Air Canada Rouge.