Air Canada's net loss widens as costs rise

Wed Feb 11, 2015 6:21am EST
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Feb 11 (Reuters) - Air Canada, the largest airline in the country by revenue, reported a bigger net loss in the fourth quarter as costs rose.

The company's net loss widened to C$100 million ($79.16 million), or 35 Canadian cents per share, in the quarter ended Dec. 31 from C$6 million, or 2 Canadian cents, a year earlier.

The Montreal-based carrier's operating revenue rose 7.3 percent to C$3.10 billion. ($1 = 1.2632 Canadian dollars) (Reporting by Anannya Pramanick in Bengaluru; Editing by Don Sebastian)