Canada’s airlines show recovery, but also

Canada’s airline industry is to post profit of C$192 Mln this year, and does expect to go up by C$360 Mln and C$500 million by 2011 and 2014 respectively, a report says.

But cost-conscious travellers, much less penny pinchers, are still making hard for the sector to raise prices and convalesce fully. Passengers are enjoying a much-improved air service, yet industry is several years away from getting to its prerecession profit level mark.

However, low-cost carrier, WestJet, one of the few North American airlines, remained profitable even through the recession.

Canada’s airlines will have to wait unit next year when its civil aviation industry stands on more solid ground. And then, travellers will gain more confidence in their financial situation.

The sharp turnaround came by from a pre-tax loss of C$380 million last year. It was industry’s first loss in five years, as the global slowdown terribly upset travel demand worldwide.

The crisis-hit civil aviation industry of Canada signifies slow recovery from last’s year plunge in demand. It’s positive sign for travellers to travel again.