Air Canada reported a first-quarter net loss of C$288 million ($287 million), a substantial increase over a C$34 million loss in the year-ago period, blaming high fuel costs and charges associated with ongoing inquiries into potential antitrust violations in its cargo division. President and CEO Montie Brewer said Canada's growing economy and the strength of the nation's currency are driving demand, with advance bookings remaining "strong." But he added that "the increase in fuel prices. . ...

Subscribe to Access this Entire Article

"Air Canada posts C$288 million loss on fuel costs, cargo probe charges" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.