Air Canada's flight attendants have returned to work following a three-day strike, leading to the cancellation of over 2,700 flights. The strike, prompted by stalled negotiations, affected hundreds of thousands of passengers. The Canadian Union of Public Employees (CUPE), representing over 10,000 cabin crew members, reached a tentative agreement after 24 hours of negotiations. Analysts predict the strike could cost Air Canada between $150 million and $400 million in third-quarter earnings, leading the airline to suspend its financial guidance for the year.
The Air Canada Component of the Canadian Union of Public Employees (CUPE) represents over 10,000 cabin crew members at the flag carrier and its low-cost subsidiary, Air Canada Rouge.
Air Canada on Monday suspended its guidance for the third quarter and the full year, which it had reported in late July.
Nearly all of the airline's 700 daily flights have been canceled since the strike began in the early hours of Saturday morning, affecting hundreds of thousands of passengers.
Analysts estimated that the strike could cost Air Canada up to $289 million.
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