Canada's Discovery Air continues to improve with profits

Canada-based Discovery Air finished Fiscal 2011 with CAD37.6 million in EBITDA, up from the CAD28.8 posted in Fiscal 2010. However, in its fourth quarter it showed an EBITDA CAD2.1 million loss, narrowed from the CAD2.3 million in its previous fiscal year. Loss for the fourth quarter was CAD6.4 million compared to a loss of CAD4.8 million for the same period last year.

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