Air Canada reports first quarter adjusted net loss of CA$52m

Air Canada has posted first quarter 2018 EBITDAR (earnings before interest, taxes, depreciation, amortization, impairment and aircraft rent) of CA$397m compared to first quarter 2017 EBITDAR of CA$366m.

Air Canada reported an operating loss of CA$14m compared to an operating loss of CA$30m in the first quarter of 2017. The airline reported an adjusted pre-tax loss of CA$72m in the first quarter of 2018 compared to an adjusted pre-tax loss of CA$63m in the prior year’s quarter.

On a GAAP basis, in the first quarter of 2018, Air Canada reported a loss before income taxes of CA$18m, which included losses on foreign exchange of CA$112m, compared to a loss before income taxes of CA$13m, which included gains on foreign exchange of CA$70m, in the first quarter of 2017.

Air Canada recorded an adjusted net loss of CA$52m in the first quarter of 2018 compared to an adjusted net loss of CA$63m in first quarter of 2017.

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