February 17, 2016 / 4:12 PM / a year ago

BUZZ-Air Canada: Set for worst day in 2 yrs on bigger Q4 loss

1 Min Read

** Shares of Canada's largest airline down 9.9 pct at C$7.58, set for their worst day in two years

** Stock falls as much as 11.9 pct, its biggest intra-day drop in 6 months

** Company posts bigger Q4 net loss, hurt by a falling C$ as the company makes major purchases such as fuel and planes in US$

** Shares of rival WestJet Airlines Ltd, which earlier this month reported a lower Q4 profit, up 0.27 pct

** Air Canada also says its plans to buy up to 75 CS300 Bombardier aircraft for about $3.8 bln

** Bombardier Inc surges 17.8 pct to C$1.06 on the deal

** Up to Tuesday's close, Air Canada's stock had fallen 33 pct in 12 months

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