Air Canada posts smaller-than-expected loss on solid travel demand
(Reuters) -Air Canada reported a smaller-than-expected quarterly loss on Friday, as Canada’s largest airline benefited from resilient travel demand. Major airlines are enjoying the strongest travel demand since the beginning of the COVID-19 pandemic, despite rising airfares and squeezed budgets amid high inflation. Canada, which lifted all COVID-related restrictions last year, has seen a strong rebound in international leisure and corporate travel. “Our first quarter financial results exceeded both internal […]