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CEO of air traffic controller Nav Canada cites 'staggering' drop in flights in 2020

Jan 13, 2021 - The Canadian Press
Board and Executive Moves

OTTAWA - Nav Canada saw profits and air traffic plummet in its first quarter as fallout from the COVID-19 pandemic continues to batter the air traffic control company.

The "staggering" decline in flights prompted massive layoffs as well as a 45 per cent year-over-year drop in revenue for the three months ended Nov. 30, said CEO Neil Wilson.

Net losses at the non-profit company, which runs the country's civil air navigation service, were $138 million last quarter compared with $36 mil...