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Air Canada narrows quarterly loss as more passengers fly -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO. An Air Canada Boeing 737 MAX 8 plane from San Francisco is seen approaching Toronto Pearson International Airport, Canada. It passes over a parked Air Canada Boeing 737 MAX 8 airplane in Toronto. REUTERS/Chris Helgren/File photo

MONTREAL, (Reuters) – Air Canada reported Tuesday a lower quarterly loss as passengers flew more due to the removal of COVID-19 travel restrictions.

Canada’s biggest carrier posted an operating loss in the first quarter of C$974 Million ($764.46 millions) versus a net loss C$1.304 Billion or C$3.90 per share for the same period 2021.

Canada’s most important carrier has stated that in March, it would increase its capacity for 2022. It also wants to draw more American passengers to Canada.

($1 = 1.2741 Canadian dollars)

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