Air Canada earns kudos from analysts
Air Canada's cost transformation programme, coupled with its second quarter earnings had analysts congratulating the carrier for a good quarter in which it posted EBITDAR of CAD338 million, up CAD10 million from 2Q2010. Revenues rose 11% to CAD2.9 billion offsetting the 10% increase in expenses to CAD2.8 billion owing to a 46% increase in fuel prices year on year and on a 6.5% increase in capacity with higher aircraft utilisation.
