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US, Canada airlines report improvement in bookings

Top U.S. airlines and Air Canada on Monday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though executives warned that rebuilding demand to pre-pandemic levels would be tough.
 
Speaking at an industry conference held virtually, Delta Air Lines Chief Financial Officer Paul Jacobson said it could be three years before the sector sees some sense of normalised demand.
 
Air Canada Chief Financial Officer Mike Rousseau said he could not predict when his airline's cash burn would go to zero, noting it will depend on revenue performance in the coming months.
 


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