TORONTO – Porter Airlines is adding Victoria to its network, with flights between Toronto Pearson International Airport (YYZ) and Victoria International Airport (YYJ). Victoria is the second city in British Columbia that Porter serves with the new 132-seat Embraer E195-E2 aircraft. The E195-E2 has the lowest fuel consumption per seat and per trip among its class, and is the quietest single-aisle jet flying today. The two-by-two configuration means no middle seats on any Porter flight.
Service begins on September 20, 2023, with one daily roundtrip flight. Connecting flights with Ottawa, Montreal, Halifax and St. John’s will also be available. Introductory roundtrip fares start at $476.
Route
Departure
Arrival
Toronto-Pearson (YYZ) to Victoria (YYJ)
10:55 a.m.
1:04 p.m.
Victoria (YYJ) to Toronto-Pearson (YYZ)
2:00 p.m.
9:31 p.m.
Porter’s distinct service includes complimentary beer and wine served in glassware, free premium snacks, and free, fast WiFi, with full access to web surfing or favourite streaming platforms, available to all travellers. Fresh, healthy meals, pre-mixed cocktails and additional snack options are also available on the new route.
Sustainability is at the heart of the menu design, with a priority on reducing and eventually eliminating single-use plastics onboard, providing biodegradable cups and cutlery, and eco-friendly packaging.
Porter continues to expand its presence in Western Canada, now serving Vancouver, Victoria, Edmonton, Calgary and Winnipeg.
Flights and Porter Escapes vacation packages are now available for booking at www.flyporter.com and with travel agents.
CALGARY, Alberta & KANSAS CITY, Mo.–(BUSINESS WIRE)– Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) have announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.
The comprehensive control application provides an overview of the proposed operational integration of the CP and KCS rail networks, the impact of that consolidation on the companies’ finances and labour needs, and the anticipated competitive and other benefits that will flow from providing shippers with new and better transportation alternatives. Information in the filing outlines the public and customer benefits a CP-KCS combination would bring, including more efficient north-south trade arteries to support the interconnected supply chains of the United States, Mexico and Canada.
In addition to the central foundation of the transaction to invigorate transportation competition and support economic growth across North America, the CP-KCS combination will generate many other public benefits, including:
The creation of more than 1,000 direct new jobs system-wide, including approximately 760 in the United States, over the next three years brought about by expanded rail operations across the combined network.
Capital investments in new infrastructure of more than USD$275 million1 over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.
Avoidance of more than 1.5 million tons of greenhouse gas (GHG) emissions within five years due to the improved efficiency of CPKC versus current operations.
Diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, eliminating another 1.3 million tons of GHG emissions over the next two decades, saving $750 million in highway maintenance costs.
Rail customers will not experience a reduction in independent railroad choices as a result of the CP-KCS combination. The joint control application reiterates the applicants’ commitment to keep all existing freight rail gateways open on commercially reasonable terms, including the Laredo gateway between the United States and Mexico, and shows how customers will not lose competitive routings because no new regulatory “bottlenecks” are being created. It also describes how the combined company will compete aggressively to attract traffic to its network via new single-line lanes between Canada, the Upper Midwest and the Gulf Coast, Texas, and Mexico.
More than 960 stakeholders, including more than 440 shippers, 186 smaller railroads, dozens of public officials, eight major ports, railroad labor unions representing both CP and KCS employees and 289 rail industry suppliers have written letters to the STB supporting CP’s proposed combination with KCS.
CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 2021.2
The transaction is subject to approval by shareholders of each company along with satisfaction of customary closing conditions, including Mexican regulatory approvals. Shareholders are expected to vote on the transaction later this year.
CP’s ultimate acquisition of control of KCS’ U.S. railways is subject to the approval of the STB. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. On Sept. 30, 2021, the STB confirmed that it has approved the use of a voting trust for the CP-KCS combination.
The STB review of CP’s proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years, unlocking the benefits of the combination.
While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company would have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.
For more information about the benefits of the CP-KCS combination, visit futureforfreight.com
CALGARY, Dec. 22, 2020 /PRNewswire/ – Canadian Pacific Railroad (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately US$312 million, subject to customary closing adjustments.
Delta’s summer schedule continues to be shaped by customer demand, CDC guidelines and government travel regulations. While the June schedule is significantly reduced in comparison to last year, customers will see the return of several major routes, both U.S. domestic and international, which were previously suspended due to the COVID-19 pandemic.
Customers traveling with Delta can feel confident in a safe flying experience. In addition to requiring customers and employees to wear face coverings throughout the travel journey, Delta has implemented policies like capping seating between 50 and 60 percent to ensure customer spacing on all aircraft, elevated its cleaning measures to deliver a new standard of clean, and streamlined its in-flight services to decrease touch points on board. Customers also have added flexibility if they need to change their plans.
Here’s a snapshot of where Delta is planning to fly in June. This schedule, including routes and frequency, remains subject to change due to the evolving nature of COVID-19. This page may be updated.
U.S. DOMESTIC
Ensuring connectivity for customers with critical travel needs, Delta continues to provide flights to all U.S. hubs and top markets, though frequency is significantly reduced. While Delta has temporarily consolidated operations in some markets served by multiple airports, the airline is adding more flights to its June schedule in comparison to May, primarily in Atlanta, New York and between hubs.
CANADA
Detroit to Montreal (daily)
Detroit to Ottawa (daily)
Detroit to Toronto (daily)
Minneapolis to Calgary (daily)
Minneapolis to Edmonton (daily)
Minneapolis to Winnipeg (daily)
New York-JFK to Toronto (daily)
Seattle to Vancouver (daily)
LATIN AMERICA & CARIBBEAN
Caribbean
Atlanta to Aruba (less than daily service restarts in second half of June)
Atlanta to Bermuda (less than daily)
Atlanta to Bonaire (Saturday only service restarts in second half of June)
Atlanta to Kingston, Jamaica (less than daily)
Atlanta to Montego Bay, Jamaica (daily)
Atlanta to Nassau, Bahamas (daily)
Atlanta to Providenciales, Turks and Caicos Islands (less than daily)
Atlanta to Punta Cana, Dominican Republic (less than daily)
Atlanta to San Juan, Puerto Rico (less than daily)
Atlanta to St. Croix (Saturday only)
Atlanta to St. Lucia (less than daily)
Atlanta to St. Maarten (less than daily)
Atlanta to St. Thomas (less than daily)
New York-JFK to Santiago, Dominican Republic (less than daily)
New York-JFK to San Juan, Puerto Rico (less than daily)
New York-JFK to Santo Domingo, Dominican Republic (less than daily)
Central America
Atlanta to Liberia, Costa Rica (less than daily service restarts in second half of June)
Atlanta to Panama City, Panama (less than daily)
Atlanta to San José, Costa Rica (less than daily service restarts in second half of June)
Atlanta to San Pedro Sula, Honduras (less than daily)
Atlanta to San Salvador, El Salvador (less than daily)
Mexico
Atlanta to Cancun (daily)
Atlanta to Mexico City (daily)
Detroit to Mexico City (less than daily)
Los Angeles to Los Cabos (less than daily)
Los Angeles to Puerto Vallarta (less than daily)
Salt Lake City to Mexico City (daily)
South America
Atlanta to Bogotá, Colombia (less than daily)
Atlanta to São Paulo, Brazil (less than daily)
TRANS-ATLANTIC
Atlanta to Amsterdam (daily)
Atlanta to Frankfurt (less than daily)
Atlanta to Lagos (less than daily*)
Atlanta to Paris-Charles De Gaulle (less than daily)
Detroit to Amsterdam (daily)
Detroit to London-Heathrow (less than daily)
New York-JFK to Amsterdam (less than daily)
New York-JFK to Paris-Charles De Gaulle (less than daily)
New York-JFK to Tel Aviv (less than daily)
*Delta’s restart of service to Nigeria is subject to foreign government approval.
Delta’s Frankfurt and London flights also double as scheduled cargo service.
TRANS-PACIFIC
Detroit to Seoul-Incheon (daily)
Detroit to Shanghai (daily*)
Seattle to Seoul-Incheon (less than daily)
Seattle to Shanghai (daily*)
Seattle to Tokyo-Haneda (less than daily)
*Delta’s restart of passenger flights to China is subject to government approval. We will also operate cargo-only scheduled service from Shanghai to Atlanta and Los Angeles. Read more on our cargo flights to Asia.
Delta’s second quarter schedule is 85 percent smaller than last year, with reductions of 80 percent in U.S. domestic capacity and 90 percent internationally.
CALGARY, Dec. 30, 2019 /PRNewswire/ – Canadian Pacific (NYSE: CP) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway. The acquisition of CMQ in the U.S. remains subject to Surface Transportation Board approval.
The acquisition, first announced on November 20, 2019, will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company and New Brunswick Southern Railway, thereby preserving and enhancing competition.
CALGARY and NEW YORK, Nov. 20, 2019 /PRNewswire/ – Canadian Pacific (CP) and Fortress Transportation and Infrastructure Investors LLC (FTAI) announced they have entered into a definitive agreement whereby CP will acquire the Central Maine & Quebec Railway (“CMQ”).
CMQ owns 481 miles (774 kilometres) of rail lines primarily in Quebec and Maine. The end-to-end transaction will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR), thereby preserving and enhancing competition.
“This strategic acquisition gives CP a true coast-to-coast network across Canada and an increased presence in the eastern U.S.,” said CP President and CEO Keith Creel. “With additional port access, more dots on the map, and our proven precision scheduled railroading operating model we are confident this transaction will bring benefits to all stakeholders moving forward.”
As part of the transaction, FTAI will retain ownership of Katahdin Railcar Services (KRS), a tank car cleaning and repair facility, and the contract to operate at a 12-mile branch line at FTAI’s Long Ridge Energy Terminal in Monroe County, Ohio. FTAI intends to continue to develop and grow both the KRS and Long Ridge branch line businesses.
“We are excited about this transaction as it brings value to our shareholders, while ensuring that the CMQ continues to provide safe and reliable rail transportation options,” said Joe Adams, FTAI CEO.
CP invests in its people and its assets to ensure it can provide service safely and efficiently. CP has been the safest railway in North America for 13 consecutive years, as measured by train accident frequency and meets all regulatory requirements.
The transaction is currently expected to close at the end of 2019 and remains subject to customary closing conditions. Over the coming weeks, CP, FTAI and other stakeholders will move towards closing.
TORONTO/BANGALORE, Jan 23 (Reuters) – Canadian Pacific Railway Ltd expects double-digit earnings growth in 2019, the country’s second-biggest rail operator said on Wednesday, lifted by strong pricing and growing demand for shipments of crude and other commodities.
The Calgary-based company, which got a sizeable revenue lift from crude in its fourth quarter, said it expects crude shipments will increase to an annual run rate of approximately 120,000 rail cars in the second quarter from about 100,000 currently.
Reporting a bigger-than-expected profit, despite higher fuel costs, CP also forecast double-digit growth in diluted earnings per share in 2019, from C$14.51 in 2018, and mid-single-digit volume growth.
“The two most striking things were they did well on the pricing …and they did just a fantastic job of keeping their costs in line,” said Edward Jones analyst Dan Sherman. “It sounds like they just see pretty solid sailing going forward.”
CP’s operating ratio, a closely watched productivity metric that measures operating expenses as a percentage of revenue, improved by 370 basis points to 56.5 percent in the fourth quarter.
While railways are sensitive to economic downturns or major shifts in trade, CP said it has not seen a downturn in its international intermodal container business in January or February, despite a surge of volume late in the fourth quarter.
“We entered 2019 with tremendous momentum,” said Chief Executive Keith Creel on a conference call with analysts. “Rest assured, we’re poised for another record-setting year.”
CP said it recently struck a multi-year agreement with Suncor Energy that is a C$20 million near-term opportunity that could double in later years. It also struck a multi-year deal to ship refined fuels to Southern Ontario, but did not disclose the customer.
Growing crude shipments come as output from Western Canada has outstripped pipeline capacity, prompting producers to increasingly sign transport deals with CP and its larger rival, Canadian National Railway Co.
Cenovus Energy Inc said in September it had signed three-year deals with CP and CN to transport roughly 100,000 barrels per day of crude from Northern Alberta to the U.S. Gulf Coast.
For the quarter ended Dec. 31, CP reported earnings of C$ 4.55 per share, excluding items, beating the C$4.22 consensus estimate, according to IBES data from Refinitiv.
Net income fell 45 percent, to C$545 million, compared to year-ago results buoyed by a C$527 million income-tax gain.
Revenue rose 17 percent to C$2.01 billion.
($1 = 1.3347 Canadian dollars)
(Reporting by Susan Taylor in Toronto and Shanti S Nair in Bengaluru; editing by Sriraj Kalluvila and James Dalgleish)
Boeing today delivered the first of ten 787 Dreamliners to WestJet, marking the start of the airline’s global expansion. Having long operated a fleet of Boeing single-aisle jets, WestJet will use the super-efficient, long-range 787-9 Dreamliner to profitably serve new international routes.”Today’s delivery marks a new chapter for WestJet,” said Ed Sims, president and CEO of Calgary-based WestJet. “Boeing’s 787 Dreamliner is one of the most technologically advanced aircraft ever flown and is the perfect platform for our transition to a global network carrier. We look forward to bringing Canadians to the world and the world to Canada in comfort and style.”
This spring, WestJet will use the 787-9 – the longest-range Dreamliner that can fly 7,635 nautical miles (14,140km) – to offer the first-ever flight connecting Calgary and Dublin. The airline will also offer non-stop Dreamliner service between Calgary and London Gatwick and Calgary and Paris.
The 787 Dreamliner – the fastest-selling widebody jet in history with about 1,400 orders – allows airlines to reduce fuel use and emissions by 20 to 25 percent and serve far-away destinations. The combination of super fuel efficiency and long range has helped airlines save more than 30 billion pounds of fuel and open more than 210 non-stop routes.
WestJet’s 787-9 will accommodate 320 passengers in a three-class configuration. The Dreamliner’s passenger-pleasing interior, which includes large windows, lower-cabin altitude and smooth-ride technology, complements WestJet’s all-new business cabin featuring the carrier’s first lie-flat seats.
“We are excited to welcome our friends at WestJet to the Dreamliner family. The airline has achieved impressive growth with the Boeing 737 and will now use the 787’s unmatched performance and passenger comforts to profitably launch a new ‘global era’,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company.
In preparation for its new Dreamliners, WestJet recently added digital solutions powered by Boeing AnalytX, to optimize its operations. These include Airplane Health Management, which provides predictive analytics to optimize WestJet’s 787 fleet operations, as well as Toolbox, which delivers real-time information for technicians to quickly resolve maintenance issues and keep airlines on schedule.
