Air Canada reported 2019 first-quarter net income of C$354 million ($264 million), reversed from a C$203 million loss in the year-ago period. Revenue rose 9.4% year-over year to C$4.5 billion, a record for the quarter, despite weather-related disruptions and the grounding of the carrier’s 24 Boeing 737 MAX 8s. Passenger revenue increased 9.4% to C$3.8 billion, driven by a 5% yield improvement and 4.2% traffic growth. The carrier also reported better-than-expected redemption revenue ...

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