Air Canada Reports Q2 Loss, Posts a Nearly Five-Fold Jump in Revenue

Air Canada Reports Q2 Loss, Posts a Nearly Five-Fold Jump in Revenue
An Air Canada jet takes off from Trudeau Airport in Montreal on June 30, 2022. Graham Hughes/The Canadian Press
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Air Canada reported a second-quarter loss of $386 million compared with a loss of $1.17 billion a year earlier, and says it saw a nearly five-fold increase in revenue.

The airline says its loss for the three months ended June 30 totalled $1.60 per diluted share, compared with a loss of $3.31 per diluted share in the second quarter of 2021.