MONTREAL — Air Canada continued its post-pandemic recovery last quarter, earning roughly 10 per cent higher profits year-over-year while straining to keep a lid on costincreases that have plagued the industry.
MONTREAL — Air Canada continued its post-pandemic recovery last quarter, earning roughly 10 per cent higher profits year-over-year while straining to keep a lid on costincreases that have plagued the industry.
Net income rose to $184 million in the airline’s fourth quarter from $168 million a year earlier, the company reported Friday. Adjusted earnings of $521 million marked a 34 per cent jump. But the latter fell below consensus expectations of $548 million, according to financial markets data firm Refinitiv.
More flights and higher fares on international trips — particularly over the Atlantic and Pacific oceans — drove a 12 per rise in passenger revenues, said CEO Michael Rousseau.
He called the full year “very successful,” as net income over 12 months swung…
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