Air Canada posted a net loss of C$231 million ($174.3 million) in the fourth quarter, as foreign-exchange losses cost the carrier C$262 million more than in the year-earlier period, when it posted a net profit of C$8 million. The bottom-line result masked improving fundamentals, the airline’s top executive said. “These quarterly results showed an improvement over last year’s fourth quarter on many fronts—including passenger revenues, traffic and yield—and ...

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