Canadian Airlines are taking off thanks to lower oil prices and the weaker loonie.
The industry’s bottom line hit record levels in 2015.
Profits are expected to subside in 2016, but the industry insiders predict pre-tax gains to remain healthy over the next four years.
That’s according to the Conference Board of Canada’s latest projections.
But, it’s not all blue skies for Canadian air carriers.
Senior economist with the Conference Board, Todd Crawford says consumer spending will likely be down due to the weak domestic economy.
