Air Canada incurred a 2017 first-quarter net loss of C$37 million ($27.8 million), reversed from a net profit of C$101 million in the 2016 March quarter, as rising fuel costs hit the bottom line. Air Canada executives pointed to record first-quarter revenue of $3.6 billion, up 9% year-over-year (YOY), and the fact that the airline continues to aggressively grow, which they believe will pay off long term. “This year represents the third year of planned significant capacity growth as ...

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