Air Canada said it plans to increase its available seat mile capacity during the third quarter between 4% and 4.5%, compared with the same three months in 2023
reported a lower second-quarter profit that came in ahead of analysts’ estimates on Wednesday, as excess capacity in certain markets and stiff competition on international routes softened fares.
Last month, the carrier cut its full-year core profit forecast citing a lower yield environment and competition in international markets. The carrier’s adjusted profit fell to $369-million or $0.98 adjusted earnings per diluted share, from $664-million, or $1.85 per share, a year earlier.
Cent Capacity Carrier Profit Canada Competition Quarter ASM Air Canada Canada
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