Air Canada posted a $168-million profit in its most up-to-date quarter as passenger and operating revenues reached record highs.
The Montreal-based airline says its fourth-quarter profit amounted to 41 cents per diluted share and compared with a lack of $493 million or $1.38 in the identical period during 2021.
The airline says its profit for the period ended Dec. 31 included a foreign exchange gain of $316 million and covered the busy holiday season.
Its adjusted earnings totalled $389 million, a rise from $22 million within the fourth quarter of 2021.
Air Canada’s passenger revenues hit $4.062 billion, doubling from the fourth quarter 2021 and about two per cent higher than the identical period in 2019.
Operating revenues reached $4.680 billion, 71 per cent higher than the fourth quarter 2021 and about six per cent higher than the identical quarter in 2019.