Air Canada posts third loss in a row as pandemic cripples air travel

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Air Canada posted its third straight quarterly loss on Monday, as the COVID-19 pandemic crippled air travel forcing Canada’s biggest airline to cut the majority of its flights.

The airline reported a loss of $685 million, or $2.31 per share, for the third quarter, compared with a profit of $636 million, or $2.35 per share, a year earlier.

© Thomson 2020