Air Canada reports $101 million Q1 profit compared with a loss a year ago

New codeshare deal for Air Canada, Cathay Pacific effective Jan. 12

MONTREAL — Air Canada and Cathay Pacific have finalized a strategic cooperation agreement that includes codesharing and reciprocal mileage accrual and redemption benefits.

Tickets will go on sale Jan. 12, 2017 for travel starting Jan. 19, 2017.

Air Canada will offer codeshare services to an additional eight cities in Southeast Asia on flights operated by Cathay Pacific and Cathay Dragon connecting with Air Canada’s double daily service to Hong Kong from Toronto and Vancouver.

Air Canada will place its code on Cathay Pacific and Cathay Dragon flights to Manila, Cebu, Kuala Lumpur, Ho Chi Minh City, Hanoi, Bangkok, Phuket and Chiang Mai.

Cathay Pacific customers will be able to book travel on Air Canada flights connecting with Cathay Pacific’s up to three daily flights to Vancouver and up to two daily services to Toronto from Hong Kong. Cathay Pacific will place its code on Air Canada flights to all major cities across Canada including Winnipeg, Victoria, Edmonton, Calgary, Kelowna, Regina, Saskatoon, Ottawa, Montreal, Quebec, Halifax and St. Johns.

“This agreement with Cathay Pacific will offer Air Canada customers more travel options and reciprocal mileage accrual and redemption benefits when travelling to many important destinations in Southeast Asia,” said Calin Rovinescu, President and CEO, Air Canada. “It is a strategic cooperation of mutual benefit and underscores our commitment to offer our customers the very highest quality and service connecting Canada and the world.”

Canada is a key destination for Cathay Pacific, said Cathay Pacific Chief Executive Ivan Chu. “The launch of our nonstop service to Vancouver in 1983 marked our very first route to North America – and we look forward to working together with Air Canada and welcoming guests from the airline onto our flights soon.”

Cathay Pacific currently operates double daily flights to Vancouver from Hong Kong using B777-300ER aircraft. From March 28, 2017, the airline’s Vancouver schedule will be enhanced by the addition of three extra weekly services, which will be operated by A350-900 aircraft, bringing the total number of flights to the Canadian city to 17 per week. Cathay Pacific also operates 10 weekly flights between Hong Kong and Toronto.

Air Canada operates daily nonstop flights year-round from both Toronto and Vancouver to Hong Kong. Flights from Toronto are operated with B777-200ER aircraft and flights from Vancouver with B777-300ER aircraft.