May 5 Air Canada on Friday reported a
loss in the first-quarter, compared with a profit a year
earlier, hurt in part by fuel costs that rose 48 percent.
Canada's largest airline said its net loss was C$37
million($26.9 million), or 14 Canadian cents per share, in the
quarter ended March 31, compared with a net income of C$101
million, or 35 Canadian cents per share, a year earlier.
The Montreal-based airline's operating revenue increased 8.9
percent to C$3.64 billion.
($1 = 1.3770 Canadian dollars)
(Reporting by John Benny in Bengaluru; Editing by Sai Sachin