Air Canada posts third straight quarterly loss

(Reuters) – 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 C$685 million ($526 million), or C$2.31 per share, for the third quarter, compared with a profit of C$636 million, or C$2.35 per share, a year earlier.

(Reporting by Allison Lampert in Montreal and Ankit Ajmera in Bengaluru; Editing by Maju Samuel)