Air Canada reported a profit of $101 million in its latest quarter compared with a loss a year ago.
The airline says the profit amounted to 35 cents per diluted share compared with a loss of $309 million or $1.08 per diluted share in the same quarter last year.
Operating revenue totalled $3.34 billion, up from $3.25 billion.
On an adjusted basis, Air Canada said it earned a first-quarter profit of $85 million or 30 cents per diluted share, down from an adjusted profit of $122 million or 41 cents per share a year ago.
Operating expenses rose compared with last year due to an increase in capacity and the impact of the weaker Canadian dollar, offset in part by lower fuel costs.
Passenger traffic increased 7.7 per cent compared with the same quarter last year, while capacity increased 8.2 per cent.
Embraer and OGMA have successfully completed the first scheduled 24- month maintenance of a C-390 Millennium aircraft operated by the Hungarian Air Force. The work was carried out at OGMA’s faci...
Avora Aviation appointed as official Tecnam Dealer for Balkan region, representing the brand in Bulgaria, Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Kosovo, North Macedonia, Albania, and...
Azerbaijan Airlines expanded its fleet with another state-of-the-art Airbus A320neo aircraft. The introduction of the new aircraft is aimed at providing passengers with more comfortable and moder...
Airmedic unveiled a new medical cabin purpose-built for its Bombardier Learjet 45XR aircraft. Already in service aboard the first aircraft, this permanent clinical environment supports patient tr...
