Air Canada 767-300. Photo: By Rob Finlayson. Air Canada reported a first-quarter net loss of C$19 million ($19.7 million), narrowed from a C$112 million net deficit in the year-ago period, and cut domestic capacity in the face of escalating energy expenses. The net result was helped by foreign exchange gains of C$104 million and declining unit costs, but the carrier said rising fuel prices kept it in the red. President and CEO Calin Rovinescu said, "In the quarter, we incurred ...

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