Air Canada reports 2018 Annual Results

Air Canada has reported full year 2018 EBITDAR of $2.851 billion compared to full year 2017 record EBITDAR of $2.928 billion. Air Canada reported an EBITDAR margin of 15.8 per cent, in line with its projections. The carrier reported 2018 operating income of $1.174 billion compared to 2017 operating income of $1.371 billion. The decrease of $1.862 billion in net income year-over-year is mainly due to an increase in net tax expense of $981 million, unfavourable foreign exchange results of $437 million and Air Canada having a recorded a loss on disposal of assets of $188 million in 2018. “I