{"id":7880,"date":"2018-04-30T09:28:36","date_gmt":"2018-04-30T13:28:36","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=28b4f0b4d47836c003502c1d84582cf8"},"modified":"2018-04-30T09:28:36","modified_gmt":"2018-04-30T13:28:36","slug":"air-canada-reports-bigger-loss-on-higher-fuel-costs","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/30\/air-canada-reports-bigger-loss-on-higher-fuel-costs\/","title":{"rendered":"Air Canada reports bigger loss on higher fuel costs"},"content":{"rendered":"<p>Air Canada, the country&#8217;s largest carrier, reported a bigger quarterly loss on Monday as higher fuel costs offset a rise in traffic.<\/p>\n<p>Fuel costs per liter jumped 16 per cent in the first quarter, the Montreal-based airline operator said, while traffic rose 11.4 per cent.<\/p>\n<p>The company said its operating expenses went up 11 per cent and cost per available seat mile (CASM) \u2014 a measure of how much an airline spends to fly a passenger \u2014 rose 2.4 per cent.<\/p>\n<ul class=\"related_links\">\n<li><a href=\"http:\/\/business.financialpost.com\/transportation\/airlines\/air-canada-offers-to-help-passengers-stranded-by-a-possible-pilot-strike\">Air Canada ready to pick up the slack if passengers stranded by possible WestJet pilot strike<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/transportation\/airlines\/air-canada-system-outage-leading-to-service-issues-flight-delays\">Air Canada says services restored after massive system outage causes flight delays<\/a><\/li>\n<\/ul>\n<p>The airline&#8217;s net loss widened to $170 million (US$132 million), or 62 cents per share, in the quarter, from $13 million, or 5 cents per share, a year earlier.<\/p>\n<p>On an adjusted basis, the company lost $52 million.<\/p>\n<p>Operating revenue rose to $4.07 billion from $3.64 billion.<\/p>\n<p><em>\u00a9 Thomson Reuters 2018<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fuel costs per liter jumped 16 per cent in the first quarter, Air Canada said, while traffic rose 11.4 per cent<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7880"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7880"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7880\/revisions"}],"predecessor-version":[{"id":7881,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7880\/revisions\/7881"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}