Air Canada today reported that it had made a $1.55 billion Q2 operating loss on total revenues that fell from $4.7 billion in 2019 to $527 million this year. The Canadian carrier has liquidity of $9.1 billion at the end of Q2, up from $7.4 billion at December 31, 2019. “As with many other major airlines worldwide, Air Canada’s second quarter results confirm the devastating and unprecedented effects of the COVID-19 pandemic and government-imposed travel and border restrictions and quarantine requirements,” said Calin Rovinescu, chief executive of Air Canada. “Canada’s federal and inter-provincial restrictions have been among the most severe in the
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