How is Zoom doing amongst growing fuel price?

[philips80]

Hey does anyone know how Zoom is holding up to current fuel prices?

[North Shore]

I read something in the Winnipeg Free Press last week about their credit card company withholding cash or something like that? (i can't remember exactly, but I do recall thinking that it didn't look great at that time.)

[WING IT]

Its not really related, but this was the article.

Firm downplays lifting Zoom's insurance
By: Kevin Rollason

Updated: June 5 at 12:02 PM CDT

Print Article E-mail Article The international insurance firm that placed Zoom Airlines on its list of airlines it wouldn't cover in the event of a failure says this is normal business.

Zoom is the only airline offering non-stop flight from Winnipeg to London, England.

In an e-mail early today to the Free Press, British-based International Passenger Protection said a financial review of Zoom Airlines is taking place because the air carrier's exposure to insurers has increased.

"This is quite normal and is often due to an airlines success in increasing sales," the e-mail states.

"Zoom has been extremely co-operative during this standard process."

On Wednesday, local travel agent Max Johnson, president and CEO of the Great Canadian Travel Company, said he was so concerned about the designation that he would not be booking his customers on Zoom because of IPP's designation of the airline.

Johnson said at the time the designation "is usually not a good thing... as a tour operator, you see that and you stop booking for them."

But David Clements, vice-president, sales and marketing, for Zoom called the designation a misunderstanding created when two groups of British tour travellers booked flights and asked for insurance in the same week.

Clements said normally IPP would get one or two insurance requests a year from Zoom travellers.

[North Shore]

Ahh...ok, then. Nothing to see here, move along..