Air Canada has reported a second-quarter net loss of C$96 million ($96 million). This is more than double the C$46 million net loss posted last year. The airline has been hit by labour disruptions and a decline in bookings.
Revenue rose by 2.4% to C$2.99 billion and operating profit was C$63 million, down 13.7%. Traffic was up 1.4% to 13.87 billion RPMs.
President and CEO Calin Rovinescu has stated that new agreements been finalised and the company is now focusing on growth.
Losses double at Air Canada
Air Canada has reported a second-quarter net loss of C$96 million ($96 million). This is more than double the C$46 million net loss posted last year. The airline has been hit by labour disruptions and a decline in bookings.
Revenue rose by 2.4% to C$2.99 billion and operating profit was C$63 million, down 13.7%. Traffic was up 1.4% to 13.87 billion RPMs.
President and CEO Calin Rovinescu has stated that new agreements been finalised and the company is now focusing on growth.