Air Canada posts $28 million 1Q net loss as fuel costs soar
Credit: Rob Finlayson
Air Canada incurred a 2017 first-quarter net loss of C$37 million ($27.8 million), reversed from a net profit of C$101 million in the 2016 March quarter, as rising fuel costs hit the bottom line. Air Canada executives pointed to record first-quarter revenue of $3.6 billion, up 9% year-over-year (YOY...
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