August 19, 2025 12:00 AM GMT Investor Presentation | Asia Pacific Asia Summer School: China's Travel Transition We discuss inbound travel's growth outlook and potential contribution to China's economic growth as well as its influence on the outlook of Chinese airlines, airports, hotels and travel retail. M Foundation Morgan Stanley Asia Limited+ Qianlei Fan, CFA Equity Analyst Qianlei.Fan@morganstanley.com +852 2239-1875 Hildy Ling Equity Analyst Hildy.Ling@morganstanley.com +852 2239-7834 Dan Chee Equity A ...

as chants ring out from striking Air Canada flight attendants for a third straight day. Canada's prime minister urging a resolution to this historic strike that's thrown the country's air travel system into turmoil. Hundreds of thousands of Canadians and visitors to our country are being disrupted uh by this action.I urge both parties uh to resolve this uh as quickly as possible. More than 10,000 cabin crew walking off the job on Saturday, emptying airport terminals and leaving hundreds of thousands of trav ...

Air Canada Suspends All Flights—Here’s What To Know About Flight Attendant Strike https://t.co/kHwzqMEHt2 https://t.co/stv1dkDleJ ...

Air Canada Suspends All Flights—Here’s What To Know About Flight Attendant Strike https://t.co/UkIR1TQmk5 https://t.co/uwrUTdR48c ...

Air Canada flight attendant union refuses to end strike https://t.co/PWnrq6uvlb ...

Air Canada Suspends All Flights—Here’s What To Know About Flight Attendant Strikehttps://t.co/lLx43xZkbD https://t.co/6bTQQ1Lukl ...

Group 1: Concerns Over Stock Market Manipulation - Investors have lost billions on U.S.-listed Chinese stocks that plummeted after social media promotions, raising concerns about potential pump-and-dump scams [3][5] - Seven specific stocks, including Concorde International and Ostin Technology, experienced declines of over 80% in recent trading sessions, resulting in a combined market value loss of $3.7 billion [4][5] - Regencell Bioscience saw its shares surge nearly 10,000% year-to-date, with analysts warning it may follow a boom-and-bust pattern similar to other Chinese stocks [6] Group 2: Regulatory Actions and Corporate Developments - Google has agreed to pay a fine of A$55 million (approximately $35.8 million) in Australia for anti-competitive practices involving agreements with Telstra and Optus [7][8] - The Australian Competition and Consumer Commission found that Google’s arrangements effectively excluded rival search engines from the market [8] - Air Canada flight attendants are on strike despite a back-to-work order, leading to the cancellation of approximately 700 daily flights and affecting over 100,000 travelers [9][10]

An Air Canada union wants to “dismantle” a process the government is using to end strikes, a representative said after flight attendants defied an order to return to work on Sunday https://t.co/HQlmcl5bAb ...

Legal & Financial Implications - Qantas was ordered to pay A$90 million (approximately $59 million) for illegal sackings [1] - The compensation relates to the dismissal of almost 2,000 ground workers [1]

Core Points - Air Canada flight attendants are on strike, leading to the grounding of most of the airline's 700 daily flights and stranding over 100,000 passengers [1][2][9] - The Canadian Union of Public Employees (CUPE) is demanding better pay and working conditions, particularly full compensation for unpaid ground time [5][8][12] - Air Canada has proposed a compensation package that includes a 38% overall increase over four years, but the union argues that the offer does not adequately address ground duty pay [12][15][16] Summary by Category Strike and Impact - The strike began shortly after 1 a.m. on Saturday, resulting in the cancellation of approximately 240 flights scheduled for Sunday afternoon [1][2] - The airline had to delay its service restart plans due to the ongoing strike [2][9] Union Demands - CUPE represents over 10,000 flight attendants and is advocating for full pay during boarding, deplaning, and ground delays, which they currently do not receive [5][8] - The union claims that the strike is a response to Air Canada's practice of requiring employees to work unpaid hours [9][12] Government Intervention - The Canadian government intervened by asking the Canadian Industrial Relations Board (CIRB) to impose binding arbitration, which the union opposed [6][8] - The government has the option to seek a court order to enforce compliance with the CIRB's order [8] Compensation Proposal - Air Canada's proposal includes a 12% to 16% increase in hourly rates, with senior flight attendants potentially earning an average of 87,000 Canadian dollars ($63,000 U.S.) by 2027 [16] - The airline claims that its compensation package would make its flight attendants the best compensated in Canada, with hourly rates rising to 94 Canadian dollars ($69 U.S.) in the first year [15][16]