Air Canada now plans to cut its annual cost base by more than the C$500 million ($489 million) it targeted earlier this year, CFO Michael Rousseau told reporters in Toronto yesterday. "We are not going to be satisfied hitting C$500 million. We know of some things within our control and there is an incredible effort within the entire company to drive out costs," he said, according to Reuters. AC intended to find the C$500 million in savings by the end of 2011 (ATWOnline, Feb. 11) and has cut ...

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