this post was submitted on 23 Aug 2025
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[–] avidamoeba@lemmy.ca 2 points 2 weeks ago

On Tuesday, credit rating agency Moody’s downgraded the company’s outlook. While Moody’s expects the strike to have a near-term limited effect on Air Canada’s earnings, it said the new flight attendant contract agreement will contribute to increasing wage costs for the company and be a headwind for margins.

The contradiction between the employer's and the employee's interests on full display.