Air Canada posts higher 2019 results, despite Max
Air Canada revenue and net profit rose slightly in 2019, but results were tempered by the ongoing grounding of the Boeing 737 Max aircraft and the start of the coronavirus crisis in Asia, the airline says. Full-year 2019 revenue at the carrier rose to C$19.1b (US$14.4b) from $18b in 2018. Adjusted net income rose to $917m from $738m a year earlier, the carrier reported Tuesday. Facing the continued grounding of what is effectively 25% of its fleet and the suspension of flights to China and Hong Kong, the airline has had a rocky start to 2020 as well, airline executives say. Air Canada expects the effects of these two operational challenges as well as higher charges for maintenance and employee benefits to cost it more than $200m in Q1 of 2020. <br/>
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Air Canada posts higher 2019 results, despite Max
Air Canada revenue and net profit rose slightly in 2019, but results were tempered by the ongoing grounding of the Boeing 737 Max aircraft and the start of the coronavirus crisis in Asia, the airline says. Full-year 2019 revenue at the carrier rose to C$19.1b (US$14.4b) from $18b in 2018. Adjusted net income rose to $917m from $738m a year earlier, the carrier reported Tuesday. Facing the continued grounding of what is effectively 25% of its fleet and the suspension of flights to China and Hong Kong, the airline has had a rocky start to 2020 as well, airline executives say. Air Canada expects the effects of these two operational challenges as well as higher charges for maintenance and employee benefits to cost it more than $200m in Q1 of 2020. <br/>
