Air Canada saw profits more than double in 1996 and reports that its international services accounted for more than half of passenger sales for the first time. The airline's net profit hit C$149 million ($110 million) was helped by a further C$72 million gain on the sale of its stake in Continental Airlines as well as by 40% growth on international premium services. Revenues from cross-border US-Canadian operations also grew by 36% and now accounts for around one-quarter of sales.
Source: Flight International
