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.

Revenue totalled $3.98 billion, compared with $837 million during the same time last year.

Air Canada says its second-quarter cost per available seat mile decreased to 20.8 cents from 49.3 cents a year earlier, while its adjusted cost per available seat mile was 13.1 cents, compared with 41.5 cents in the second quarter of 2022.

Air Canada CEO Michael Rousseau says while the global airline industry is facing B次元官网网址渦nprecedented conditions as it emerges from pandemic-related restrictions,B次元官网网址� the situation is B次元官网网址減articularly challenging in Canada.B次元官网网址�

He also says that despite B次元官网网址渕eticulous planning and projecting,B次元官网网址� there remains a significant amount of pressure in restarting, but says he is B次元官网网址渆ncouraged by recent improvements.B次元官网网址�

Companies in this story: (TSX:AC)

The Canadian Press

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