MONTREAL — Air Canada reported its strongest second quarter ever with a $223 million net profit compared to a net loss of $23 million in the same quarter last year and a loss of $341 million in the first quarter of 2014.
“I am pleased to report that Air Canada delivered its best second-quarter financial performance in the corporation’s history, surpassing last year’s records in all three measures of operating income, adjusted net income and EBITDAR,” said Air Canada president and CEO Calin Rovinescu.
“In addition to seeing good year-over-year revenue growth in all of our five markets, we have also seen a marked increase in the number of international and U.S.-originating customers choosing Air Canada for their global travel plans. Investments by Air Canada and our industry partners to provide a seamless transfer experience at Canada’s major hubs are starting to show results. The performance of Air Canada rouge has exceeded expectations and allows Air Canada to now compete more effectively in leisure markets on a more cost effective basis. Combined with Air Canada’s other cost transformation strategies, adjusted CASM decreased 4.7% from the previous year’s quarter.