Air Canada Inc. (AC_A.TO, AC_B.TO, AIDIF.PK) reported fourth-quarter GAAP net income of C$8 million or C$0.03 per share, compared with a C$60 million or C$0.22 per share loss, in the 2011 fourth quarter. On an adjusted basis, net loss amounted to C$6 million or C$0.02 per share in the recent quarter.
Operating revenues were C$2.84 billion, an increase from C$2.70 billion in the prior-year quarter.
Additionally, the Corporation has named Thomas Birks to the Air Canada board, effective immediately. Currently, he is the President of Birinco Inc., a merchant bank with investment portfolios ranging from private equity to passive investments.
In the first quarter of 2013, Air Canada expects its system ASM capacity, as measured by available seat miles, to decrease in the range of 0 to 1.5 percent versus last year. Air Canada continues to expect full-year 2013 system capacity to increase in the range of 1.5 to 3.0 per cent when compared with 2012.
Separately, Air Canada announced that it would launch a new International Premium Economy cabin for customers seeking enhanced comfort and service on international flights as it continues to modernize its widebody fleet with the addition of five new Boeing 777-300ER aircraft.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.