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Air Canada reports first quarter net loss

Toronto, Canada - Losses equal to USD 34 million in 2007

Canadians taking to the skies helped propel Air Canada to an improved performance in the first quarter of 2007, trimming its net loss to USD 34 million from USD 126 million in the year-ago period. The operating loss fell to USD 78 million from USD 96 million. Revenue in the first quarter reached USD 2.53 billion from USD 2.39 billion. Passenger revenues increased USD 135 million, equal to +7%. Air...

AVIONEWS - World Aeronautical Press Agency - 1073818

AVIONEWS - World Aeronautical Press Agency