Business

Volcanic ash cloud cancels, delays flights at B.C. airport

Published

1 year ago

November 5, 2023

Airline travellers arriving at and departing from British Columbia’s busiest airport braced for cancellations and delays this weekend due to a volcanic ash cloud.

Vancouver International Airport (YVR), in a series of posts on X, warned of “a small number of flight delays and cancellations” due to the cloud, which it said was made up of ash from a volcano overseas.

“The volcano where the ash is coming from erupted in Russia on Wednesday,” YVR said around 8 p.m. Saturday, Nov. 4, urging passengers to check the status of their flight.

By 8:30 a.m. Sunday, it said the ash cloud had cleared from the area, meaning flights were operating as scheduled.

“For those travelling or picking up loved ones, (please) continue to check latest flight info at YVR.ca or with your airline,” it added.

YVR is regarded as Canada’s second busiest airport, behind Toronto Pearson Airport. A report from YVR says the airport welcomed 7.1 million passengers in recent months.

CHEK News spoke with a media representative from Victoria International Airport (YYJ), who said they weren’t aware of any delays at YYJ due to the cloud.

But a passenger travelling from Cancun to Victoria says their flight was delayed several hours.

“Our flight from Cancun was delayed by four hours last night due to this ‘cloud.’ Stuck on the tarmac in Mexico waiting to get more fuel in case we couldn’t land here,” they told CHEK News.

“When we finally left they talked about diverting us to Calgary or Kelowna for the night, but we were able to land in Victoria around 1:45 a.m.!”

Klyuchevskaya Sopka

Eurasia’s tallest active volcano, Klyuchevskaya Sopka, sent ash columns above a Russian peninsula when it erupted Wednesday, according to the Associated Press.

It says no injuries were reported, but officials closed two schools as a precaution.

The 4,650-metre (15,255-foot) stratovolcano has been active in recent years and released lava in June, and last week’s eruptions sent ash as high as 13 kilometres (8 miles) above sea level.

The ash cloud has cleared from the area and flights are operating as scheduled. For those travelling or picking up loved ones, pls continue to check latest flight info at https://t.co/pk0JCqHaJI or with your airline. https://t.co/ufrMVZCxx5

— YVR (@yvrairport) November 5, 2023

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Business

Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

13 hours ago

November 6, 2024

Anne Joseph

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

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Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

2 days ago

November 5, 2024

Anne Joseph

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

2 days ago

November 5, 2024

Anne Joseph

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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