Air Canada reported a C$100 million ($77.5 million) net profit for the first quarter of 2016, reversing its C$309 million net loss in 1Q 2015. “Despite somewhat unsettled economic times in Canadian resource markets, a very competitive domestic pricing environment and a continued weak Canadian dollar, we were able to increase our revenue base … deliver on our ROIC target [17.4 %], produce a record EBITDAR level [C$460 million] and take delivery of four new Boeing 787-9 ...

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