National airline Air Canada’s first quarter revenue (Q1 2023) jumped $2.3bn year-on-year to a record of almost $4.9bn. The company put the quarterly results, which included a 10% revenue increase compared to 2019, down to “higher passenger revenues due to increased travel demand”. Net income of $4 million was reported, though alongside a $17 million operating loss and adjusted net loss of $188 million, giving a diluted loss per share of 3 cents. The operating loss was a year-on-year improvement of over half a billion dollars. Net debt stood at $6.5bn at the end of Q1 2023, down from the

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register