May 12, 2015 / 10:09 AM / in 3 years

Air Canada loss narrows due to lower fuel costs

May 12 (Reuters) - Air Canada, the country’s largest airline by revenue, reported a smaller net loss in the first quarter, helped by lower fuel costs.

The company’s net loss narrowed to C$309 million ($256 million), or C$1.08 per share, in the quarter ended March 31 from C$341 million, or C$1.20 per share, a year earlier.

The Montreal-based carrier’s operating revenue rose 6 percent to C$3.3 billion. ($1 = 1.2042 Canadian dollars) (Reporting by Amrutha Gayathri in Bengaluru; Editing by Don Sebastian)

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