{"id":41911,"date":"2015-02-12T00:19:21","date_gmt":"2015-02-11T16:19:21","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=41911"},"modified":"2015-02-12T00:19:21","modified_gmt":"2015-02-11T16:19:21","slug":"air-canada-feels-bigger-impact-from-currency-flux-but-q4-adjusted-earnings-rise","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/02\/12\/air-canada-feels-bigger-impact-from-currency-flux-but-q4-adjusted-earnings-rise\/","title":{"rendered":"Air Canada feels bigger impact from currency flux but Q4 adjusted earnings rise"},"content":{"rendered":"
\"Air<\/a>
Air Canada Boeing 767-333\/ER (Senohrabek \/ Shutterstock)<\/figcaption><\/figure>\n

MONTREAL — A bigger hit from foreign exchange fluctuations contributed to a $100-million fourth-quarter net loss at Air Canada, although the company’s adjusted net income improved dramatically to $67 million.<\/p>\n

Air Canada’s the net loss amounted to 35 cents per diluted share, while its adjusted net income amounted to 23 cents.<\/p>\n

Analysts had estimated 24 cents per share of adjusted earnings.<\/p>\n

A year earlier, Air Canada’s net loss for the fourth quarter of 2013 was $6 million or two cents per share while its adjusted net income was $3 million or one cent per share.<\/p>\n

The adjusted income excluded several routine items including a $115-million foreign exchange loss during the fourth quarter, which was more than double the $55 million loss recorded a year earlier.<\/p>\n

The adjusted income also excluded a $30-million onetime item related to a new contract with Air Canada’s pilots, ratified in October.<\/p>\n

Revenue for the three months ended Dec. 31 improved to $3.1 billion, up 7.2 per cent or $210 million from a year earlier.<\/p>\n

Air Canada chief executive Calin Rovinescu says the airline served nearly three million more customers in 2014, including those that flew on its low-cost Rouge service.<\/p>\n

He said the airline expects significant cost savings from the drop in oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

MONTREAL — A bigger hit from foreign exchange fluctuations contributed to a $100-million fourth-quarter net loss at Air Canada, although …<\/p>\n","protected":false},"author":44,"featured_media":31170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19,18],"tags":[],"class_list":["post-41911","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","category-news-ca","mauthors-the-canadian-press1"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/41911","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=41911"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/41911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/31170"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=41911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=41911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=41911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}