Air Canada: net loss to 1T related to salary and maintenance increases

Air Journal

Air Canada: net loss to 1T related to salary and maintenance increases

Air Canada announced yesterday that it had recorded a net loss of $81 million (€55 million) in the first quarter of 2024, compared to a net profit of $4 million in the same period a year earlier. The airline carried 11 million passengers in the first three months of the year. It explained its loss by operating expenses that increased by 6% to $5.2 billion in the first quarter. Salary expenses increased by 21% compared to last year due to new col…