All the airline drama; Grocery CEOs say they’re not price gouging: CBC’s Marketplace cheat sheet

It has actually not been a relaxing March Break for Flair Airlines.

Last weekend,the discount rate provider stated travelers were impacted after 4 of its rented airplanes were taken in Toronto, Edmonton and Waterloo, Ont., in what the business is calling a business disagreement.

Style’s CEO Stephen Jones stated simply under 1,900 travelers were impacted, which the airline company has becausegone back to organization as typical

Jones stated he thinks the seizure was linked to the lessors’ discussions with “another airline company” however stayed tight-lipped on which airline company he believed it was.

“We were a couple of days late on a million dollars and to have this action taken is incredibly uncommon,” he stated.

Simple days later on, Flair Airlines submitted a $50-million suit versus a number of plane-leasing business, declaring the seizure was “illegal.”

“The seizures were managed in a bad faith and destructive way that caused the optimum possible damage on Flair, consisting of by disrupting its guest relationships and trust,” the declaration of claim checks out. None of the accusations have actually been shown in court.Find out more

The Canadian Transportation Agency (CTA) has actually fined Canada’s significant airline companies for numerous offenses associated with mass flight hold-ups and cancellations last summertime and December.

The offenses were typically connected to airline companies stopping working to upgrade travelers throughout flight interruptions, or not quickly resolving their payment claims.

Some guests and market professionals argue the fines, which generally vary in between $2,500 and $39,000, aren’t much of a deterrent for airline companies.

“The fines are low,” stated Ian Jack, a representative for the Canadian Automobile Association, a non-profit travel bureau. “We have yet to see the regulator actually draw out a huge stick on anything.”

The CTA administered the greatest fine– $126,000– to Sunwing for 36 infractions for stopping working to keep guests upgraded throughout flight hold-ups in December. Learn more

The heads of Canada’s greatest grocery chains pressed back at claims they are profiteering from high inflation today, informing legislators that they aren’t the reason for high food costs– and declaring their revenue margins are as narrow as ever.

“We are not benefiting from inflation, it does not matter the number of times you state it … it is merely not real,” stated Michael Medline, the CEO of Empire Foods, which owns Sobeys, FreshCo, Farm Boy, Foodland and other chains.

Medline was speaking with the Standing Committee on farming and agri-food, which is penetrating the reasons for food inflation, which has actually escalated to its greatest level in years.

Costs for food bought at supermarket increased by 11.4 percent in the year as much as January, according to Statistics Canada. That’s nearly two times the general inflation rate of 5.9 percent because very same duration.

Medline was summoned to speak, together with his equivalents at competing Loblaws, led by Galen Weston, and Eric La Flèche, president and CEO of Metro, which owns Food Basics and other chains.

Together, those 3 business comprise most of Canada’s grocery market, with countless shops throughout the nation. Earnings at all 3 are up dramatically in the pandemic, however all 3 state their revenue margins on food are razor-thin.Learn more