Air Transport World

Canadian Airlines Corp.'s.

Canadian Airlines Corp.'s position deteriorated as well. It posted a first-quarter net loss of C$l07.8 million ($74.2 million), up from a loss of C$85.5 million a year ago. Results would have been even worse but for a C$23.5 million gain on the sale of part of its Equant stake.

Revenues rose 4.4% but expenses jumped 9.4% and operating loss deteriorated to C$102 million (table).

Yield per RPM declined 5. …

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