Air Canada reported second-quarter net income of C$122 million ($116.4 million), down 21.3% from C$155 million in the year-ago period, blaming the earnings drop on a "difficult industry environment created by unrelenting high fuel prices." President and CEO Montie Brewer called the result "solid" given the economic conditions and noted that a "resilient domestic Canadian market drove sustained revenue growth. . .and we achieved unit growth through the successful introduction of a number of ...

Subscribe to Access this Entire Article

"Air Canada second-quarter profit drops 21.3%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.