August 7, 2014 / 4:38 PM / 3 years ago

BUZZ-Air Canada: Lower-than-expected profit

1 Min Read

** Shares of Canada's largest carrier down 6 pct at C$8.70

** Company reports lower-than-expected Q2 adjusted profit of 47 Canadian cents per share, below the average analyst estimate of 51 Canadian cents, according to Thomson Reuters I/B/E/S

** Yield, or passenger revenue per available seat mile, declined in the quarter

** Yield weighed down as the airline expanded into new overseas routes, increased the number of flights and added more seats to major European destinations

** Up to Wednesday's close, company's stock had risen more than 24 pct this year

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below