Air Canada reports 2017 annual results

Air Canada has reported full year 2017 EBITDAR of CA$2.921bn compared to the previous full year 2016 EBITDAR of CA$2.768bn, an increase of CA$153m. Air Canada reported 2017 operating income of CA$1.364bn compared to 2016 operating income of CA$1.345bn. Adjusted pre-tax income amounted to CA$1.158bn in 2017 compared to adjusted pre-tax income of CA$1.148bn in 2016. On a GAAP basis, the airline reported income before income taxes of CA$1.279bn in 2017 compared to income before income taxes of CA$877m in 2016. Air Canada recorded adjusted net income of CA$1.142bn in 2017 compared to adjusted net income of CA$1.147bn in 2016.