Air Canada’s second quarter web revenue up

Air Canada is gaining momentum within the second quarter of 2023, reporting web revenue of $838 million, an enchancment of $1.2 billion in comparison with the loss for a similar interval in 2022.

This interprets to earnings per diluted share of $2.34 for the fiscal yr ended June thirtieth. For comparability, the corporate reported a loss per diluted share of $1.60 within the second quarter of final yr.

Working revenue additionally elevated 36% in comparison with the identical interval in 2022, topping simply over $5.4 billion.

“Air Canada’s second quarter outcomes show the effectiveness of our plan, pushed by robust demand,” stated Michael Rousseau, President and Chief Govt Officer of Air Canada.

The airline is alleged to have introduced greater than 11 million clients on board its fleet, up 23% in comparison with the second quarter of 2022.

“Even with extra folks educated than final summer season and improved instruments, our operations in June and July didn’t dwell as much as expectations,” admitted Mr. Rousseau.

“We’re stepping up our efforts to guard the client expertise from disruptions, whatever the trigger,” he added, as Air Canada flights have been experiencing a number of delays in current weeks.