MONTREAL — Air Canada reported a second\u002Dquarter loss of $386 million compared with a loss of $1.17 billion a year earlier, and says it saw a nearly five\u002Dfold…
The airline says its loss for the three months ended June 30 totalled $1.60 per diluted share, compared with a loss of $3.31 per diluted share in the second quarter of 2021.Air Canada says its second-quarter cost per available seat mile decreased to 20.8 cents from 49.3 cents a year earlier, while its adjusted cost per available seat mile was 13.1 cents, compared with 41.5 cents in the second quarter of 2022.
He also says that despite “meticulous planning and projecting,” there remains a significant amount of pressure in restarting, but says he is “encouraged by recent improvements.”
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