Air Canada posts US$222m net profit for 2015
Air Canada reported C$308m (US$222.1m) in net income for 2015, nearly tripling the $105m net profit the airline earned in 2014. “We achieved the best financial results in Air Canada’s history for a second year in a row, by a substantial margin,” Air Canada president and CE Calin Rovinescu said, adding the results reflected progress made through the company’s fleet modernisation, international expansion and network diversification initiatives, as well as the continuing rollout of rouge. On a GAAP basis, the airline’s full-year operating revenue was $13.87b, up 4.5% YOY. Total operating expenses for the year dipped 0.7% YOY to C$12.37b, which the carrier attributed to lower aircraft fuel expenses ($924m). Air Canada’s full-year operating profit came to $1.5b, more than doubling its $815m in operating income for 2014. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-18/star/air-canada-posts-us-222m-net-profit-for-2015
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Air Canada posts US$222m net profit for 2015
Air Canada reported C$308m (US$222.1m) in net income for 2015, nearly tripling the $105m net profit the airline earned in 2014. “We achieved the best financial results in Air Canada’s history for a second year in a row, by a substantial margin,” Air Canada president and CE Calin Rovinescu said, adding the results reflected progress made through the company’s fleet modernisation, international expansion and network diversification initiatives, as well as the continuing rollout of rouge. On a GAAP basis, the airline’s full-year operating revenue was $13.87b, up 4.5% YOY. Total operating expenses for the year dipped 0.7% YOY to C$12.37b, which the carrier attributed to lower aircraft fuel expenses ($924m). Air Canada’s full-year operating profit came to $1.5b, more than doubling its $815m in operating income for 2014. <br/>
