Tag: Aeroplan

Aeroplan, PC Optimum Grapple With Points Theft As Thieves Drain Accounts, Book Flights | CBC News

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Loyalty programs Aeroplan and PC Optimum have each recently been hit with multiple cases of points theft. Flights have even been booked using stolen Aeroplan miles. “I was blown away,” said Christina Rayburn, after discovering that someone had swiped most of the miles from her online Aeroplan account and taken a trip. “The fact that they were able to do that kind of concerns me.” Cyber thieves are increasingly targeting Canadians’ stockpiles of lucrative loyalty points — PC Optimum has dealt with points theft since the program launched in February. Some cybersecurity experts say…

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Air Canada To Offset Rise In Fuel Prices With Higher Fares, May Trim Capacity | CBC News

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Air Canada experienced a 31 per cent increase in the price of jet fuel compared with last year’s second quarter, and plans to offset some of the impact with higher fares and other initiatives, Air Canada chief executive Calin Rovinescu said Friday. The Montreal-based airline did well in terms of revenue, which rose 10.4 per cent compared with last year’s second quarter, but adjusted earnings dropped to $114 million or 41 cents per share. That was only about half as much as Air Canada’s adjusted earnings of $226 million or 82 cents per share…

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Air Canada, CIBC, TD And Visa Offer To Buy Aeroplan | CBC News

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Air Canada is teaming up with three financial services giants to try to buy its former loyalty program, Aeroplan, from its current owner. Air Canada, Toronto-Dominion Bank, CIBC and Visa made the announcement Wednesday they want to buy Aeroplan from Aimia, in exchange for taking over the liability of $2 billion worth of outstanding Aeroplan points, plus $250 million in cash. The airline announced last year it would soon be ending its 30-year partnership with Aeroplan, a development that sent the parent company’s stock price tumbling and scrambling for new partners. Air Canada started Aeroplan as its…

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Air Canada’s ‘Ancillary’ Fees For Customers Add Up To Big Bucks – Business – CBC News

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Global airlines are expected to earn a record $82 billion US this year by charging customers extra for everything from seat assignment to baggage fees to travel commissions. And Air Canada is among the top ten airlines in the world when it comes to earning this so-called ancillary revenue, racking up nearly $1.18 billion US last year, according to reports from IdeaWorksCompany, a U.S. research company that tracks airline revenue. IdeaWorksCompany reviewed 138 airlines and examined in detail 66 airlines that publicly disclose extra revenues in their financial filings, which Air…

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Aeroplan No More? Air Canada To Launch Own Loyalty Program | Globalnews.ca

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Air Canada announced Thursday it plans to launch its own loyalty program and will replace Aeroplan in 2020. In a statement, Air Canada said Aeroplan will no longer be the carrier’s loyalty program after its agreement with Aimia – Aeroplan’s parent company – effectively ends June 30, 2020. “The new program, launching in 2020, will offer additional earning and redemption opportunities, more personalized service and a better digital experience for Air Canada customers,” Benjamin Smith, president of Air Canada’s passenger airlines, said in a statement. “Similar to all of Air…

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