Air Canada posts $115M adjusted profit, record Q2 operating revenue

MONTREAL – Air Canada (TSX:AC.B) says it had $115 million of adjusted net income in the second quarter, a big improvement from a year earlier.

The Montreal-based airline says its operating revenue for the three months ended June 30 totalled $3.06 billion, a second-quarter record for Air Canada and up from $2.99 billion a year earlier.

The adjusted profit amounted to 41 cents per share, an improvement from a year-earlier adjusted net loss of $7 million, or two cents per share.

Air Canada continued to show a loss before adjustments, although much smaller than last year’s $161 million.

Its net loss for the most recent quarter was $23 million or nine cents per diluted share, compared with a loss of 59 cents in the same quarter of 2012.

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