Air Canada parent ACE Aviation Holdings reported a C$15 million ($12.4 million) net income for the fourth quarter ended Dec. 31, which included foreign exchange gains on long-term monetary items of C$98 million. This was a complete turnaround from a C$768 million net loss in the prior-year period, which included C$560 million in reorganization charges. The company did not release full-year results, but losses for the first nine months totaled C$895 million. "Given the current difficult ...

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