Air Canada had to cancel 40% more flights last quarter
MONTREAL — Air Canada topped expectations in its latest quarter, but said Monday the Boeing 737 Max grounding and political tensions between Canada and China weighed on its results.
Less fuel-efficient replacement aircraft and the cost of extended plane leases will also hurt the bottom line, Rousseau said. The airline’s 24 Max 8 jetliners comprise about 20 per cent of its narrow-body fleet and carry between 9,000 and 12,000 passengers per day, he added. The Montreal-based carrier said Monday it earned $345 million or $1.26 per diluted share for its first quarter, compared with a loss of $203 million or 74 cents per diluted share in the same quarter a year ago.
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