Air Canada posted a first-quarter net loss of C$309 million ($245 million), narrowed from a C$341 million loss in the year-ago quarter. It reported an adjusted net income of C$122 million, reversed from an adjusted net loss of C$132 million. First-quarter operating revenue was C$3.3 billion, up 6% year-over-year. Expenses were down 2% to C$3.049 billion on capacity growth of 9.3%. Air Canada president and CEO Calin Rovinescu said the Montreal-based carrier has “continued to see a ...

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