Air Canada reports strong Q2, 2023

Air Canada reported operating revenue of nearly $5.5 billion in the second quarter, an increase of nearly $1.5 billion compared to last year. This was specifically driven by a 42% increase in passenger revenues. The airline achieved a positive operating income of $802 million and a net income of $838 million for Q2, 2023. The airline’s operating expenses went up this year and increased by $391 million, compared to last year, to reach $4.625 billion citing higher operating capacity and more passengers traveling on the airline. However, the expenses were partially offset due to a nearly 32% decrease in jet