Air Canada reported a second-quarter net profit of C$296 million ($239.6 million), up 32.7% from a net profit of C$223 million in the year-ago period. A weak Canadian dollar led to an increase in the airline’s costs, but low fuel prices “largely offset” the currency impact and steady revenue enabled the carrier to report its best-ever second-quarter operating profit. Second-quarter revenue rose 3% year-over-year to C$3.41 billion while expenses heightened 1% C$3.09 ...

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