Mr. Speaker, today Air Canada announced a $1.25 billion loss, Canada 3000 is dead and the transport minister still has not figured out that he is partly to blame because of his destructive policies.
In the December budget the government announced that it would collect $430 million with the new airport tax, yet it will spend $340 million on the new security regime. That means in the government's own numbers there is a $90 million surplus in year one going to general revenue. This is a huge tax grab by the government which will provide a huge disincentive to flying.
Why is the transport minister surprised that seven air carriers are dead on his watch?