Air Canada reports improved second quarter results

Air Canada reported adjusted net income of $115m in the second quarter of 2013 compared to an adjusted net loss of $7m in the second quarter of 2012. Second quarter EBITDAR amounted to $385m compared to EBITDAR of $312m in the second quarter of 2012, an increase of $73m. On a GAAP basis, Air Canada’s net loss was $23m compared to a net loss of $161m in the same quarter of 2012.