AIR CANADA BACK IN THE BLANK IN THE FOURTH QUARTER

Air Canada earned C$134 million, or 42 Canadian cents a share, in its last quarter of 2010. The airline credits foreign-exchange gains for the gain that is up from a year-earlier loss of C$56 million, or 25 Canadian cents. On an adjusted basis, it lost 6 Canadian cents a share, a penny more than analysts expected. Operating income was up to C$131 million from a loss of C$83 million. EBITDAR, or earnings before interest, taxes, depreciation, amortization and aircraft rent, more than doubled to C$380 million. Before a provision adjustment for cargo investigations, operating income was C$85 million and EBITDAR