Air Canada reports second quarter 2022 financial results

Air Canada has reported $154 million of EBITDA in the second quarter, a significant increase from a negative quarterly EBITDA of $656 million a year ago, and operating revenues neared $4 billion in the quarter, an improvement of about $3.1 billion from the second quarter of 2021. Air Canada posted an operating loss of $253 million, an improvement when compared to an operating loss of $1.133 billion in the second quarter of 2021. Michael Rousseau, President and Chief Executive Officer of Air Canada, said: “Compared to pre-pandemic levels, 2022 second quarter advance ticket sales reached 94 per cent of those