Air Canada reports quarterly loss

FILE PHOTO: Air Canada airplanes are pictured at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms - Copyright BEN NELMS(Reuters)

By Reuters

Published on 15/02/2019 - 12:34•Updated 20/04/2024 - 00:40

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(Reuters) - Air Canada on Friday reported a quarterly loss compared with a year-ago profit, hurt by a surge in fuel costs.

Canada's largest airline reported a loss of C$231 million ($173.87 million), or 85 Canadian cents, in the fourth quarter ended Dec.31, compared with a profit of C$8 million, or 2 Canadian cents per share, a year earlier. The Montreal-based company's operating revenue rose to C$4.25 billion from C$3.82 billion.