Narrowing loss marks Air Canada's 1Q results

Air Canada followed its US legacy counterparts in posting a loss on rising revenues. Air Canada reported a net loss of CAD19 million in the first quarter, a huge positive swing from the CAD112 net loss posted in 1Q-2010. The company said the loss was softened by CAD104 in forex gains, down from the CAD123 in forex gains in the year-ago quarter.

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