Air Canada posts third straight quarterly loss

SourceZawya
SectorTransport
CountryMiddle east

Air Canada posts third straight quarterly loss The airline reported a loss of $526mln    Air Canada posted its third straight quarterly loss on Monday, as the COVID-19 pandemic crippled air travel forcing Canada's biggest airline to cut the majority of its flights.The airline reported a loss of C$685 million ($526 million), or C$2.31 per share, for the third quarter, compared with a profit of C$636 million, or C$2.35 per share, a year earlier. ($1 = 1.3012 Canadian dollars)(Reporting by Allison Lampert in Montreal and Ankit Ajmera in Bengaluru; Editing by Maju Samuel) ((Allison.Lampert@thomsonreuters.com; Ankit.Ajmera@thomsonreuters.com))Zawya CoveragepowerGCC utilities could keep tariffs lower by investing in solar - Moody'saviationDemand for private jets rises in the UAE over COVID-19 fearsoil and gasSaudi, UAE oil ministers say OPEC+ output deal is flexibleoil and gasADNOC chief ...read more...