Air Canada’s US Revenue Sinks But Carrier Keeps Profit Outlook

Air Canada held its profit guidance steady despite a sharp decline in travel to US destinations, betting it can make up for it on other international and domestic routes.

The Montreal-based carrier reiterated its guidance of C$3.2 billion ($2.3 billion) to C$3.6 billion in adjusted earnings before interest, taxes, depreciation and amortization for the year. But it posted disappointing second-quarter results, and the shares tumbled the most in more than two years.