Falling operating income and a C$102 million ($90.2 million) noncash pre-tax charge related to the redemption of Aeroplan miles issued before 2002 weighed heavily on ACE Aviation's bottom line as the Air Canada parent reported a third-quarter profit of C$103 million, down 62% from C$271 million earned in the year-ago period. Chairman, President and CEO Robert Milton called the result "solid" and said the quarter featured "continued progress achieved in the implementation of ACE's business ...

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