Air Canada at Bank of America Leveraged Finance Conference (Virtual) Transcript
Thank you, everybody, for joining us again at our Annual Leveraged Finance Conference. My name is Doug Karson, I cover aerospace and transportation. And we're so pleased to have Air Canada with us today, very great story. We're going to spend about 30 minutes in a fireside chat format. So please feel free to send some questions in for me, and I'll be sure to ask them.
With us today, we have Pierre, who's the Vice President and Treasurer of Air Canada and Valerie Durand, Head of Investor Relations and Corporate Sustainability. So thank you very much for joining us today.
Questions & Answers
I'd like to maybe start the fireside chat with just a discussion about the recovery we're seeing in the industry. In the third quarter, operating revenues were about $2.1 billion, almost 3x above last year. If you could just maybe tell us a little bit what you're seeing in the industry and maybe talk about how your capacity set for this
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