Air Canada reported operating income of $112 million for the third quarter of 2008 compared to a record operating income of $351 million in the third quarter of 2007. Fuel expense increased $348 million in the third quarter to $1.1 billion due to record high fuel prices, a 49% cent increase from the third quarter of 2007. Partly offsetting this increase was solid operating revenue growth of $121 million or 4% versus the third quarter of 2007. The company recorded a net loss of $132 million in the third quarter of 2008 compared to net income of $273 million in the third quarter of 2007.
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Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada