Air Canada reports record full year operating income of $21.8bn                       

Air Canada has recorded a record high operating revenue of $21.8bn for the full year 2023, up 32% from 2023, with the carrier transporting more than 46 million passengers over the course of the year. The record operating revenue (up $5.28bn from 2022) was assisted by an approximately 20% growth in operating capacity, which was in line with Air Canada’s October 2023 guidance. In 2024, Air Canada plans to further increase its available seat miles by another 6-8%. The airline’s operating income for 2023 was $2.28bn with an operating margin of 10.4%, an improvement of $2.47bn. However, operating expenses of