Air Canada: "The worst of the worst is behind us"

A stronger Canadian dollar boosted Air Canada to a third-quarter profit of $277 million, but without the currency fluctuations, the carrier lost 19 cents a share. Revenue from premium-fare passengers was down 16%, and CEO Calin Rovinescu said the continuing weakness in business travel makes cost-cutting and code-sharing initiatives that much more important. "I'm certain there are challenges ahead," he told analysts. "But I think we've seen the worst of the worst is behind us."

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