Air Canada reported a first-quarter net loss of C$85 million ($82.7 million), narrowed from a C$400 million deficit in the year-ago period, and said the improvement was helped by foreign exchange gains and rebounding passenger and cargo traffic. But President and CEO Calin Rovinescu cautioned that "yields remained under pressure…This is still a fragile industry." He told analysts that there has been a "gradual improvement in business-class demand" but premium ...

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