Air Canada posts bigger net loss in fourth quarter, revenue rises

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Category: Economic
Published Friday, February 17, 2017
CTV News

MONTREAL -- Air Canada (TSX:TSX), Canada's largest airline, says it had a bigger net loss in the fourth quarter last year than in the same period in 2015 as costs rose more than revenue.

For the final three months of 2016, the Montreal-based airline reported a $179-million net loss (66 cents per share), compared with a $116-million net loss (41 cents per share) in the fourth quarter of the previous year.

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