Air Canada Inc. (AC_A.TO, AC_B.TO, AIDIF.PK) posted a narrower preliminary GAAP net loss of around C$260 million for the first quarter, compared with a C$274 million loss in the previous year. Further, the company reported adjusted net loss of around C$143 million in the latest quarter.
Air Canada estimates that its passenger revenue per available seat mile or "RASM" in the first quarter of 2013, on a system-wide basis, increased by about 1.1 percent year-on-year, due to passenger load factor improvements partly offset by lower yields.
For full year 2013, Air Canada still expects system ASM capacity to increase in the range of 1.5 to 2.5 percent, and continues to expect domestic capacity to increase in the range of 0.5 to 1.5 percent from the full year 2012.
In addition, Air Canada anticipates that the Canadian dollar would trade, on average, at C$1.02 per U.S. dollar for the year 2013 and that the price of jet fuel would average 86 cents per litre for the full year.
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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.