Air Canada re­ports $300-mil­lion Q2 profit, up from $186 mil­lion a year ago

The Guardian (Charlottetown) - - BUSINESS -

MON­TREAL — Air Canada (TSX:AC) says it earned a record sec­ond-quar­ter profit of $300 mil­lion, up from $186 mil­lion a year ago.

The air­line says the profit amounted to $1.08 per di­luted share for the quar­ter ended June 30 com­pared with a profit of 66 cents per di­luted share in the sec­ond quar­ter of 2016. On an ad­justed ba­sis, Air Canada says it earned $215 mil­lion or 78 cents per di­luted share for the quar­ter, up from $203 mil­lion or 72 cents per di­luted share a year ago. Rev­enue to­talled $3.91 bil­lion for the three-month pe­riod, up from nearly $3.46 bil­lion a year ago, as it in­creased ca­pac­ity and saw traf­fic grow by 13.6 per cent.

Air Canada said its cost per avail­able seat mile in­creased 0.5 per cent from the sec­ond quar­ter of last year, how­ever it fell on an ad­justed ba­sis by 3.5 per cent com­pared with last year.

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