Air Canada reported third-quarter net income of C$277 million ($260.2 million), reversed from a net loss of C$132 million in the prior-year period, noting that it was helped significantly by a C$295 million foreign exchange gain that compared to an C$87 million loss last year. President and CEO Calin Rovinescu told analysts and reporters Friday that it would be "another 12-18 months" before AC expects to see a full recovery to pre-recession revenue levels, explaining that the carrier's ...

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