Air Canada (AC) reported a first-quarter net loss of C$210 million ($213 million), widened from a C$19 million net loss in the 2011 March period, and acknowledged that recent labor unrest has been damaging to AC’s company culture and public brand.
Air Canada 777. Courtesy, AC Air Canada (AC) reported a first-quarter net loss of C$210 million ($213 million), widened from a C$19 million net loss in the 2011 March period, and acknowledged that recent labor unrest has been damaging to AC’s company culture and public brand. But the carrier pointed out that much of the net loss was attributable to non-cash, one-time items and that its cash position remains strong (over C$2.2 billion in unrestricted cash-on-hand at ...
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