Air Canada posts C$155 million profit on foreign exchange gains, targets major cost cuts

Gains on foreign exchange of C$355 million pushed Air Canada into the black in the second quarter, for which it reported net income of C$155 million ($144.5 million), up 33% over a C$122 million profit in the year-ago period. But AC reported a C$113 million operating loss, reversed from a C$7...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.