Air Canada Q2 earnings

Air Canada has reported record second quarter adjusted net income of $250 million or $0.85 per diluted share compared to adjusted net income of $139 million or $0.47 per diluted share in the second quarter of 2014, an improvement of $111 million or approximately 80 per cent. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) rose 30% to $591 million compared to the year-ago period. The airline recorded an EBITDAR margin of 17.3 percent compared to an EBITDAR margin of 13.8 percent in the second quarter of 2014, an improvement of 3.5 percentage points. On a GAAP basis,