Air Canada reported second-quarter net income of C$122 million ($116.4 million), down 21.3% from C$155 million in the year-ago period, blaming the earnings drop on a "difficult industry environment created by unrelenting high fuel prices." President and CEO Montie Brewer called the result "solid" given the economic conditions and noted that a "resilient domestic Canadian market drove sustained revenue growth. . .and we achieved unit growth through the successful introduction of a number of ...

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