Overview

• Air Canada reports a 'low teens' percentage decline in U.S.-bound bookings over the next six months, citing trade tensions and currency weakness.
• The airline revised its 2025 EBITDA forecast downward by $144 million to a range of $2.3 billion to $2.6 billion and raised fares to offset losses.
• New York City tourism officials project a drop of 3.5 million visitors in 2025, with over half the decline attributed to fewer Canadian travelers.
• Canadians are canceling U.S. trips and boycotting American goods following tariffs and President Trump's annexation rhetoric.
• North American carriers are cutting flight schedules, tightening cost controls, and focusing on alternative markets like Mexico and the Caribbean to stabilize revenue.