Air Canada's revenue surges in 3Q, net loss narrows as travel demand takes off
The airline reported operating revenue of C$5.32 billion for the quarter, more than double the year-ago period and above market expectations of around C$4.9 billion
Company
Air Canada
TSE:E
Air Canada is a domestic and international airline. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada.
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Air Canada to add more international flights next summer
The Montreal-based airline will be flying from Toronto to Brussels, from Montreal to Toulouse and from Montreal to Copenhagen five times a week starting in June 2023
Air Canada posts bigger than expected fourth-quarter loss, though a rise in revenues beats forecasts
The airline's net loss widened to C$179mln, or 66 Canadian cents per share, up from C$116mln, or 41 Canadian cents per share a year earlier
Air Canada moves forward with C$1.25bn debt refinancing
Flag carrier has priced a private offering of senior secured notes
TSX rises as commodity producers rally amid greenback slump; Air Canada surges
Canadian shares advanced, led by energy producers and miners, as a retreat in the U.S. dollar helped lift commodity prices. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,130.
TSX drops as global stocks sink; TMX Group slumps
Canadian shares dropped for a second day, tracking global equities. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 0.5 percent to 15,073.90 at 12:42 p.m. in Toronto. Three shares declined for every two issues that adva