Air Canada served notice in May that it does not plan to renew its 30-plus year partnership with Aeroplan parent Aimia when the current contract ends. MONTREAL—The operator of the Aeroplan loyalty program is urging members to be patient as it seeks a new airline partner while working to broaden the card’s travel offerings after its relationship with Air Canada changes in mid-2020. Aimia has been working to broaden Aeroplan beyond just being a flight provider by adding car rentals partners, hotels and dining. Adjusted for one-time items, it earned $17.4 million, or 11 cents per share, down from $48 million, or 29 cents per share, in the prior year. Revenue fell 10 per cent to $452.1 million while gross billings were down 11 per cent to $497 million.

Source: thestar November 09, 2017 19:18 UTC