Air Canada posts first yearly profit in 5 years

Discussion in 'Air Canada | Aeroplan' started by tcook052, Feb 7, 2013.  |  Print Topic

  1. tcook052
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    tcook052 Silver Member

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    http://business.financialpost.com/2013/02/07/air-canada-posts-first-yearly-profit-in-5-years/

    Air Canada reported an adjusted net loss of $6-million, or 2¢ a share, for the fourth quarter, an improvement over the $60-million, or 60¢ a share, it lost a year ago for the same period.

    That beat analysts’ expectations for the quarter of a loss of 23¢ a share, according to Bloomberg estimates.

    The carrier also noted it had turned in a profit for 2012 as a whole, reporting an adjusted net income of $53-million, or 19¢ a share for the year, up from a loss of $122-million last year – its first yearly profit since 2007.
     
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  2. milchap
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    milchap Gold Member

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