Air Canada posts quarterly profit versus year-ago loss

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Air Canada reported a quarterly profit on Friday compared with a year-ago loss as Canada's largest airline cashed in on strong international travel demand.

An Air Canada airplane is towed along a runway at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorioreported a quarterly profit on Friday compared with a year-ago loss as Canada's largest airline cashed in on strong international travel demand.has bolstered earningsCanada, which lifted all COVID-related restrictions last year, has seen a strong rebound in international leisure and corporate travel.

The carrier posted a net profit of C$838 million , or C$2.34 per share, for the quarter ended June 30, compared with a net loss of C$386 million, or C$1.60 per share, a year earlier.The Canadian company's quarterly operating revenue rose 36% to C$5.43 billion.

 

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