Some comparisons or fares between Icelandair and Air Transat and similar operators from AB-Europe still have Icelandair coming out on top. And if both airlines are sardine cans I'd much rather split the trans-Altantic flight into two with FI (Icelandair).
All the points being made are valid, I just don't like to see YYC losing any ground to YEG. We have a fancy new transborder/international terminal that I would like to see full and being utilized effectively from day one.
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