Air Canadas U.S. bookings to drop by low teens in next 6 months: CEO – National [Video]

Air Canada AC.TO is seeing a “low teens” percentage decline in bookings over the next six months for trips across the U.S. border amid trade tensions and a weaker Canadian dollar, the airline’s CEO said on Friday.

Canada’s largest carrier on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts’ estimates on softer trans-border traffic.

Air Canada previously said its decline in U.S.-bound bookings over the next six months mirrored an industry-wide drop of roughly 10 per cent.

“Uncertainty was for sure the main theme during the first quarter,” CEO Mike Rousseau told analysts.

“We are experiencing booking declines on the trans-border market in the low teens on average over the next six months.”

Canadians are boycotting U.S.-made goods and canceling trips south of the border after President Donald Trump’s tariffs and his …