Air Canada posted a $168\u002Dmillion profit in its most recent quarter as passenger and operating revenues reached record highs.
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The Montreal-based airline says its fourth-quarter profit amounted to 41 cents per diluted share and compared with a loss of $493 million or $1.38 in the same period during 2021.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
Its adjusted earnings totalled $389 million, an increase from $22 million in the fourth quarter of 2021. Air Canada’s passenger revenues hit $4.062 billion, doubling from the fourth quarter 2021 and about two per cent higher than the same period in 2019. Operating revenues reached $4.680 billion, 71 per cent higher than the fourth quarter 2021 and about six per cent higher than the same quarter in 2019.Share this article in your social network
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