Air Canada Reports $685M Third Quarter Loss Compared With $636M Profit a Year Ago

Air Canada planes sit on the tarmac at Pearson International airport during the COVID-19 pandemic in Toronto on Oct. 14, 2020. The Canadian Press/Nathan Denette

MONTREAL—Air Canada reported a $685-million loss in its third quarter compared with a profit of $636 million in the same quarter last year as the number of people flying plunged due to the COVID-19 pandemic and related travel restrictions.

The airline says the loss amounted to $2.31 per diluted share compared with a profit of $2.35 per diluted share in the third quarter of 2019.