Air Transport World

Air Canada.(North America report)(Brief Article)

Air Canada lost C$510 million ($384.9 million) in the June quarter, which included C$426 million in noncash reorganization and restructuring items. This compares to a net loss of C$566 million in the second quarter of 2003, which included C$217 million in one-time items related to the restructuring. Operating revenue rose 13.8% to C$2.22 billion while operating expenses fell 1% despite significantly higher fuel prices and a capacity increase of 11%. …

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