Air Canada reported 2006 operating income of C$259 million ($218.5 million), down 18.6% from C$318 million in the prior year, as revenue rose 6.4% to C$10.07 billion and expenses increased 7.3% to C$9.81 billion. AC posted a fourth-quarter operating loss of C$5 million, narrowed from an operating loss of C$91 million in the year-ago quarter. President and CEO Montie Brewer described the period as "one of the strongest fourth quarters in Air Canada's history." But the airline declined to ...

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