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Travellers frustrated with WestJet during mechanics strike

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Travellers expressed frustration this week over how WestJet handled them after the airline cancelled more than 1,200 flights due to a strike by plane mechanics.

Messages and social media posts from some of the 150,000-plus affected passengers conveyed exasperation over hours spent on hold with customer service, the carrier’s failure to rebook them on other airlines and flight cancellation notices that informed them “fees may apply.”

Tina McIntosh was set to fly from Brandon, Man., to Kelowna, B.C., last Sunday after her great-grandmother’s funeral. She learned at 10 p.m. the day before departure that the trip was cancelled.

Her partner’s flight was rebooked for three days after the original takeoff time, while the reservations for her and her daughter were “just completely dropped,” leaving them stranded in Brandon.

After staying on hold for 17 hours over the weekend — she never got through to customer service — the family rented a car, drove two and a half hours to Winnipeg, stayed at a hotel and booked a new flight for Monday, McIntosh said, calling the experience a “fiasco.” She said the extra cost totalled $2,438.

“It’s been hell to go and have a funeral and deal with all this. I’m exhausted.”

Obligation to rebook

WestJet has repeatedly apologized to customers and said it offered them a refund if they weren’t able to be rebooked within 48 hours, in accordance with the country’s passenger rights charter.

However, the Air Passenger Protection Regulations also require airlines to book travellers on “the next available flight” from any airline, including competitors, after 48 hours if they turn down the refund — a choice customers say the airline did not give them.

“WestJet was unreachable during the cancellations this past weekend, and we had to go $1,400 out of pocket to get back to Calgary from Toronto,” said customer Patrick Socha.

“We may have to take them to Alberta small claims court to receive reimbursement.”

 

Confused travellers remain at Vancouver airport after WestJet cancellations

 

Even after a strike by WestJet mechanics was called off on Sunday night, CBC News spoke to a number of frustrated travellers at YVR International Airport on Monday afternoon.

WestJet also said the regulations require no compensation for hotels and meals when travel disruptions are outside of the carrier’s control, such as a strike.

Passenger rights advocate Gabor Lukacs says travellers are entitled to reimbursement for flights they booked with a rival and — in the case of international trips — for hotel, food and other costs, citing the Montreal Convention, a multilateral treaty on compensation for air travellers.

He also said the obligation to rebook falls on carriers.

“It’s quite clear that you don’t have to run after the airline,” Lukacs said.

“That’s a clear obligation, and WestJet has been systematically refusing to comply with it,” he claimed.

WestJet says it has been doing everything in its power to revamp operations and help travellers.

“Our teams across WestJet are working diligently to support all impacted guests as quickly as possible,” said spokeperson Madison Kruger in an email.

 

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Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

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Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

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Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

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Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

The Canadian Press. All rights reserved.

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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

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TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

The Canadian Press. All rights reserved.

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