Tag: loss

Seattle’s cruise field braces for devastating loss following Canada cruise ship ban is prolonged

For the 2nd calendar year in a row, Seattle’s cruise season has been canceled.

The Canadian federal government has prolonged a ban on cruise ships by means of Feb. 2022, which is expected to block many ships from going to Alaska this yr. 

Canadian authorities built the final decision to increase the ban in order to protect against the unfold of COVID-19. That extension creates a multi-layered economic affect, not only in Washington condition, but in Alaska as perfectly. 

“So quite a few companies truly count on crews, and the tourism market in standard as section of their livelihood,” explained Stephanie Jones Stebbins, the Maritime Running Director for the Port of Seattle. 

Related: Seattle faces deep fiscal impacts from Canada’s ban on cruise ships until 2022

For the second year in a row, Seattle’s cruise season has been canceled. Very last season’s shut down introduced a $900 million loss for

Coronavirus Canada Updates: RCMP launch to start with criminal investigation into COVID-19 loss of life at Alberta meat plant

Coronavirus Canada Updates: RCMP launch initially criminal investigation into COVID-19 death at Alberta meat plant

A official criticism has been filed with the RCMP in link with the loss of life of a worker at the Cargill meat plant in Significant River. It will be the first legal investigation into a COVID-19 connected office demise in Canada.

The criticism was submitted by Ariana Quesada, the 16-calendar year-aged daughter of Benito Quesada, who was hospitalized with COVID-19 in April. Quesada was one particular of hundreds of staff at the Cargill plant infected with the virus. He died in clinic throughout Could.

His daughter is alleging prison carelessness, expressing the company didn’t do more than enough to guard workers from the an infection.

“We have filed a criticism … to at last deliver justice to my father … to finally maintain Cargill accountable for what they did,” Ariana Quesada claimed, fighting back

Transat AT studies enormous loss in Q4 as shareholders weigh Air Canada takeover bid

MONTREAL – Transat AT Inc.’s shares fell by as considerably as 10 for each cent in intraday buying and selling on Monday, as the organization noted disappointing earnings results for its most current quarter.

The Montreal-primarily based tour operator capped an unparalleled calendar year by getting rid of $238.1 million attributable to shareholders in the fourth quarter, with revenues down a gorgeous 96 for each cent from the year prior to.

“No company is created to run at shut to zero earnings for nine months,” reported Jean-Marc Eustache, president and CEO of Transat, on a simply call with analysts Monday.

“The mere truth that we are still standing is attributable to how stable a balance sheet we experienced prior to the pandemic strike and how promptly we adjusted ourselves to shield our money.”

The earnings contact arrives a day in advance of Transat shareholders are scheduled to vote on a