Air Canada profit falls as excess capacity hurts prices-February 2024-www.financetom.com

Air Canada profit falls as excess capacity hurts prices

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Air Canada profit falls as excess capacity hurts prices

Aug 7, 2024 3:50 AM

Aug 7 (Reuters) - Air Canada ( ACDVF ) reported a lower

second-quarter profit on Wednesday, as excess capacity in

certain markets and stiff competition on international routes

hurt its pricing power.

The carrier's profit fell to C$410 million ($298.23 million)

or C$1.04 per share, from C$838 million, or C$2.34 per share, a

year earlier.

($1 = 1.3748 Canadian dollars)

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