Air Canada reported a 2009 net loss of C$24 million ($22.4 million), significantly improved over a net loss of C$1.03 billion in 2008, as it was helped by C$657 million in gains on foreign exchange that were reversed from C$655 million in losses in the prior year. President and CEO Calin Rovinescu said the carrier "overcame tremendous challenges" last year and has started 2010 in a far "more stable financial position" than in early 2009, citing C$1.2 billion in additional liquidity raised ...

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