Air Canada Rises as Strong Demand Offsets Customer-Service Woes
- Airline beats estimates for revenue, operating profit
- Carrier’s advance ticket sales at 95% of pre-pandemic levels
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Air Canada shares rose to the highest level in more than four months after the company reported revenue and operating earnings that easily beat analysts’ estimates.
Canada’s largest air carrier is slowly recovering from the pandemic. The company recorded its first operating profit since 2019, and its net loss narrowed to C$508 million ($373 million) in the third quarter, from a C$640 million loss a year earlier.