{"id":162236,"date":"2018-04-30T07:02:27","date_gmt":"2018-04-30T11:02:27","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=162236"},"modified":"2018-04-30T07:02:27","modified_gmt":"2018-04-30T11:02:27","slug":"air-canada-reports-170m-first-quarter-loss-revenue-up-from-year-ago","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/04\/30\/air-canada-reports-170m-first-quarter-loss-revenue-up-from-year-ago\/","title":{"rendered":"Air Canada reports $170M first quarter loss, revenue up from year ago"},"content":{"rendered":"<figure id=\"attachment_90104\" aria-describedby=\"caption-attachment-90104\" style=\"width: 851px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/16507947_1347987638582461_1278030383812393395_n.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-90104\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/16507947_1347987638582461_1278030383812393395_n.png\" alt=\"The airline says it lost $170 million or 62 cents per diluted share for the quarter compared with a loss of $13 million or five cents per share in the same quarter last year. (Photo: Air Canada\/Facebook)\" width=\"851\" height=\"315\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/16507947_1347987638582461_1278030383812393395_n.png 851w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/16507947_1347987638582461_1278030383812393395_n-300x111.png 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/16507947_1347987638582461_1278030383812393395_n-768x284.png 768w\" sizes=\"auto, (max-width: 851px) 100vw, 851px\" \/><\/a><figcaption id=\"caption-attachment-90104\" class=\"wp-caption-text\">The airline says it lost $170 million or 62 cents per diluted share for the quarter compared with a loss of $13 million or five cents per share in the same quarter last year. (<a href=\"https:\/\/www.facebook.com\/aircanada\/photos\/a.337505989630636.80784.134146296633274\/1347987638582461\/?type=1&amp;amp;theater\">Photo: Air Canada\/Facebook<\/a>)<\/figcaption><\/figure>\n<p>MONTREAL \u00a0\u2014 \u00a0Air Canada reported a smaller-than-expected loss in its first quarter as its revenue grew compared with a year ago, boosted by increased capacity and passenger traffic.<\/p>\n<p>The airline says it lost $170 million or 62 cents per diluted share for the quarter compared with a loss of $13 million or five cents per share in the same quarter last year.<\/p>\n<p>Operating revenue for the quarter totalled $4.07 billion, up from $3.64 billion.<\/p>\n<p>The most recent quarter included losses on foreign exchange of $112 million compared with gains on foreign exchange of $70 million in the first quarter of 2017.<\/p>\n<p>On an adjusted basis, Air Canada says it lost $52 million or 19 cents per diluted share compared with an adjusted loss of $63 million or 23 cents per diluted share a year ago.<\/p>\n<p>Analysts on average had expected an adjusted loss of 44 cents per share for the quarter, according to Thomson Reuters.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONTREAL \u00a0\u2014 \u00a0Air Canada reported a smaller-than-expected loss in its first quarter as its revenue grew compared with a year &hellip;<\/p>\n","protected":false},"author":33,"featured_media":90104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[10857],"class_list":["post-162236","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ca","tag-air-canada","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/162236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=162236"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/162236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/90104"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=162236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=162236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=162236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}