Nav Canada Reports Another Year-end Net Loss | Aviation International News

Nav Canada Reports Another Year-end Net Loss

Nav Canada, the private company that operates the country’s ATC system, reported a net loss of $584 million in Fiscal Year 2020.

By Gordon Gilbert • Contributor - Accidents and Regulations

October 27, 2020

Nav Canada, the private company that operates the country’s ATC system, reported a net loss of $584 million in Fiscal Year 2020 versus a $100 million net loss in FY2019. “This is reflective of the material decrease in revenue due to significantly lower air traffic,” according to the company’s financial results for the year ending August 31.

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