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Air Canada reports $685M loss in third quarter amid COVID-19 pandemic

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globalnews.ca

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]The airline says its net cash burn for the quarter totalled $818 million or approximately $9 million per day, better than its expectations for between $1.35 billion and $1.6 billion or between $15 million and $17 million per day.Air Canada says the total number of passengers carried in the quarter was down 88 per cent compared with a year ago.It says it plans to cut its fourth-quarter capacity by approximately 75 per cent compared with the fourth quarter of 2019..

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