Canada launches loan program to help airlines deal with high fuel prices - BNN Bloomberg

The federal government on Monday offered loans to airlines struggling to cope with the soaring price of jet fuel, as fallout from the Iran war prompts them to slash flight schedules and cut profit forecasts. The new program will let carriers borrow up to $150 million each, said Finance Minister François-Philippe Champagne. Ballooning fuel costs have put severe pressure on airlines’ balance sheets, he said, framing the relief effort as a way to ensure “reliable and affordable” travel for passengers. “By building on existing relief measures with targeted and temporary support for Canada’s airlin…