The federal agency ruled that Air Canada's 12-year-old bumping payout rate is outdated and doesn't reflect the current price of airline tickets, accommodation and other incidental expenses.
The ruling doesn't affect WestJet Airlines (TSX:WJA) because it doesn't overbook flights.
Really? Air Canada's basic business model is to promise things that they can't possibly deliver? How can you run a business like this? Oh, that's right, bankruptcy protection.