Canadians continued to shun travel to the U.S. in October [BNN Bloomberg (Canada)]
AIR FRANCE-KLM ADS (AFLYY)
NASDAQ:AMEX Investor Relations:
airfranceklm.com/en/contacting-investor-relations-department
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Source: BNN Bloomberg
The number of Canadian residents who returned by car from the U.S. fell to 1.4 million in October, a 30.5 per cent drop from the same period in 2024, according to preliminary data from Statistics Canada. The decrease marked the 10th straight month of lower volumes, beginning the month after U.S. President Donald Trump was elected. The number of Canadians returning home from south of the border by air sank to 437,300, down 24 per cent. Growing aversion to America can be chalked up to political tensions over Trump's tariffs and 51st-state rhetoric, fear of potential treatment at the border as well as exchange rates -- the loonie is worth about 71 cents US. Many travellers are looking beyond the States for getaways abroad. More than 964,000 Canadians flew back from overseas last month, a year-over-year increase of nearly seven per cent, StatCan said. The ramp-up is such that Canadians gave a big boost to otherwise sagging profits at Air France-KLM in its latest quarter, with b
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