Air Canada is reporting a $1.75 billion loss in its latest quarter as revenues plummeted 89 per cent as a result of the grounding of most flights due to the COVID-19 pandemic.The Montreal-based airline says it lost $6.44 per diluted share, compared with net income equalling $1.26 per share or $343 million a year earlier.
Passengers on 31 flights in Canada may have been exposed to COVID-19 in July Revenues for the three months ended June 30 were $527 million, down from $4.74 billion in the second quarter of 2019.