Air Canada reports Q1 revenue nearly doubled compared with a year ago

[admin]

MONTREAL — Air Canada reported its first-quarter revenue nearly doubled compared with a year ago, boosted by strong demand. Air Canada chief executive Michael Rousseau says the financial results exceeded both internal and external expectations and that the airline expects demand to persist, supported by strong advance bookings for the remainder of the year. The airline reported net income of $4 million for the quarter ended March 31, up from a loss of $974 million in the same quarter last year.