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), and the fact that the airline continues to aggressively grow, which they believe will pay off long term. “This year represents the third year of planned significant capacity growth as ...

Subscribe to Access this Entire Article

"Air Canada posts $28 million 1Q net loss as fuel costs soar" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.