Air Canada reported C$186 million ($143 million) in net profit for the second quarter of 2016, down 37.2% from the airline’s C$296 million net result in 2Q 2015. Air Canada’s 2Q revenue increased 1.3% year-over-year (YOY) to C$3.46 billion while expenses increased 2.9% YOY to C$3.18 billion, producing an operating profit of C$277 million, down 14.3% from C$323 million in the prior-year second quarter. Air Canada president and CEO Calin Rovinescu highlighted the ...

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