Latest news with #WestJet
Travel Weekly
3 hours ago
- Business
- Travel Weekly
Canada's competition bureau wants to open domestic routes to foreign airlines
In a market study report released June 19, Competition Bureau Canada recommended that the country open domestic flying to international airlines. The bureau also suggests that domestic-only airlines be allowed to be fully owned by international interests. And it recommended that Canada's limit of 25% ownership of Canadian airlines by a single investor be increased to 49%. "Allowing more foreign investment in Canadian airlines improves access to capital, drives growth, and promotes competition," the bureau said. The recommendations are among a variety of measures the bureau is suggesting to improve airline competition in what it views as the highly concentrated Canadian market. Air Canada had 34% of the domestic Canadian passenger share in 2023, the bureau said, followed by WestJet with 30%. Flair and Porter airlines are by far the two next largest carriers, with a combined market share of 19%. The report, however, does note that market concentration decreased across major Canadian airports from 2019 to 2023, with Flair, Porter and other airlines grabbing share from Air Canada and WestJet. Air Canada responded to the Competition Bureau report with its own slide show on Canadian airline competition. "Competition in Canada is as robust, if not more, than other jurisdictions," the airline said. In a series of pie charts, it showed Canada's domestic market against more concentrated markets, such as Australia, France and India. Air Canada said that if Canadian air travel fees and taxes were reduced 12.5%, to the U.S. level, it would spur 10.7% more demand. In May, Delta and Air France-KLM announced a WestJet investment. Delta agreed to purchase a 15% stake in the Canadian carrier. Upon closing, Delta plans to sell a 2.3% WestJet stake to Air France-KLM. Once both transactions are completed, Delta's investment in WestJet will amount to $280 million and Air France-KLM's $50 million.
CBC
5 hours ago
- Business
- CBC
WestJet cyberattack remains unresolved one week in, airline says operations unaffected
Social Sharing WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country's second-largest airline says it is working to assess whether sensitive data or customers' personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was detected late last week, has not affected operations but that some customers may run into "intermittent interruptions or errors" on WestJet's website and app. Spokesman Josh Yeats says investigations in collaboration with law enforcement are ongoing, but the company has not specified the type of the incident, such as a malware or ransomware attack. The breach at the Alberta-based airline arrived just ahead of foreign leaders, who gathered last weekend for the G7 summit in Kananaskis, Alta., though no direct link to the event has been identified.
Global News
6 hours ago
- Business
- Global News
WestJet says cyberattack remains unresolved 1 week in, but operations not impacted
WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country's second-largest airline says it is working to assess whether sensitive data or customers' personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was detected late last week, has not affected operations but that some customers may run into 'intermittent interruptions or errors' on WestJet's website and app. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Spokesman Josh Yeats says investigations in collaboration with law enforcement are ongoing, but the company has not specified the type of the incident, such as a malware or ransomware attack. The breach at the Alberta-based airline arrived just ahead of foreign leaders, who gathered last weekend for the G7 summit in Kananaskis, Alta., though no direct link to the event has been identified. Story continues below advertisement Airlines and airports have become increasingly popular prey for hackers, as their troves of personal and financial data and global reach make for tempting targets.
CTV News
7 hours ago
- Business
- CTV News
WestJet cyberattack remains unresolved one week in, but operations unaffected
Passengers are seen in the WestJet check-in area at Pearson International Airport, in Toronto, Saturday, June 29, 2024. THE CANADIAN PRESS/Christopher Katsarov WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country's second-largest airline says it is working to assess whether sensitive data or customers' personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was detected late last week, has not affected operations but that some customers may run into 'intermittent interruptions or errors' on WestJet's website and app. Spokesman Josh Yeats says investigations in collaboration with law enforcement are ongoing, but the company has not specified the type of the incident, such as a malware or ransomware attack. The breach at the Alberta-based airline arrived just ahead of foreign leaders, who gathered last weekend for the G7 summit in Kananaskis, Alta., though no direct link to the event has been identified. Airlines and airports have become increasingly popular prey for hackers, as their troves of personal and financial data and global reach make for tempting targets. This report by The Canadian Press was first published June 20, 2025. Christopher Reynolds, The Canadian Press
Winnipeg Free Press
7 hours ago
- Business
- Winnipeg Free Press
WestJet cyberattack remains unresolved one week in, but operations unaffected
WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country's second-largest airline says it is working to assess whether sensitive data or customers' personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was detected late last week, has not affected operations but that some customers may run into 'intermittent interruptions or errors' on WestJet's website and app. Spokesman Josh Yeats says investigations in collaboration with law enforcement are ongoing, but the company has not specified the type of the incident, such as a malware or ransomware attack. The breach at the Alberta-based airline arrived just ahead of foreign leaders, who gathered last weekend for the G7 summit in Kananaskis, Alta., though no direct link to the event has been identified. Monday Mornings The latest local business news and a lookahead to the coming week. Airlines and airports have become increasingly popular prey for hackers, as their troves of personal and financial data and global reach make for tempting targets. This report by The Canadian Press was first published June 20, 2025.
