Air Canada reports first positive quarterly operating margin since the pandemic

Air Canada reported its first positive quarterly operating margin at 12.1% since the start of the pandemic. The airline closed the Q3 of 2022 at an operating revenue of $5.322 bn, more than double of Q3 of 2021. The airline had total cash liquidity of $10.2bn at the end of September 30, 2022. Michael Rousseau, President and Chief Executive Officer of Air Canada, said: “Air Canada’s solid third-quarter results stem from the ongoing restoration of our extensive network, an improved operational performance, our modern and efficient fleet, as well as leading products and services, and an incredible team of employees.” Air Canada’s