Air Canada president and chief executive Robert Milton saysthe Canadian major was the only international carrier in North America to report a net profit in the second quarter. The airline reported a net income of C$30 million ($19 million) on revenue of C$2.55 billion for the three months ended 30 June. That compares to a profit of C$44 million on revenue of C$2.56 billion a year earlier. Milton also expects Air Canada to report a profit in the third quarter. Fellow Canadian operator WestJet reported a profit of C$12.3 million for the same period - 44.7% up on the previous year. Operating revenue also improved to $163.7 million from $112.8 million during the latest period and to $300.7 million from $205.1 million for the first half of the year. Meanwhile, Air Canada plans to launch Zip - its long-anticipated western Canada-based discount carrier to take on WestJet - on 22 September.
Source: Flight International