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Air Canada plunges to net loss of $60 million in first quarter as labour costs climb 21%

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Air Canada plunges to net loss of $60 million in first quarter as labour costs climb 21%

Air Canada's shares fell over 8% on May 2, 2024, after it posted a net loss of CA$81 million ($59.3 million) in the first quarter of the year, a sharp fall from its net profit of CA$4 million ($2.9 million) from the first quarter of last year. Its total revenues were CA$5.2bn ($3.8bn), up 7% YoY fro...

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