The Air Canada strike that crippled operations, led to thousands of cancellations, and could cost it nearly $300 million, is over

Core Points - Air Canada flight attendants have reached a tentative agreement to end a strike that resulted in over 2,700 flight cancellations [1][2] - The strike began early Saturday morning, leading to the cancellation of almost all of Air Canada's 700 daily flights, affecting hundreds of thousands of passengers [2] - The union, representing over 10,000 cabin crew members, had previously indicated a strong willingness to strike, with 99.7% of members voting in favor if necessary [3] Group 1: Strike Impact - Analysts at Raymond James estimated the strike could impact Air Canada's third-quarter earnings by 150 million to 400 million Canadian dollars (approximately $109 million to $289 million) [3] - Air Canada suspended its guidance for the third quarter and the full year due to the strike's impact [3] Group 2: Negotiation Details - The union accused Air Canada of withdrawing from negotiations, prompting the union to issue a strike notice [4] - Details of the tentative agreement have not been disclosed, but the union is set to present it to its members [10] - Air Canada had previously proposed pay increases of 38% over four years, which the union argued was effectively only 17.2% when accounting for inflation [10]