Air Canada posts C$24 million 2009 loss, focuses on cost-cutting

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...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.