Air Canada net income increases

Air Canada has posted a tenfold increase in 2014 net income to C$105 million ($90.3 million). The airline’s 2014 adjusted net profit, which excludes foreign exchange, net financing expense on employee benefits, mark-to-market adjustments on fuel and other  derivatives and unusual items, rose 56.2% to C$531 million year-over-year. This is the highest annual adjusted net profit the Canadian flag carrier has ever posted. The carrier’s full-year operating profit rose 31.7% to C$815 million, with its operating margin up to 6.1%, a rise of 1.1 points year-over-year. Air Canada’s full-year return on invested capital was 12.1%, compared to 10.5% in 2013.