Air Canada posted record passenger and operating revenues, but its stock still slumped in morning trade. Find out more
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“Our quarterly ticket sales were 102 per cent of the fourth quarter of 2019, on a lower level of capacity, and we expect a solid demand environment in 2023,” chief executiveThe company reported $4.062 billion in passenger revenues, nearly double from the same quarter the prior year and about a two per cent increase from 2019. Operating revenues also increased 71 per cent from 2021 and about six per cent from 2019, it said.
Its fourth quarter net income was $168 million or $0.41 per diluted share, which included a foreign exchange gain of $316 million. ThatOn an adjusted basis, it posted a net loss of $217 million or $0.61 per diluted share.Flair Airlines, Swoop received the most complaints per flight, CTA data show
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