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Company News

BUZZ-Air Canada shares up after surprise profit

** Shares of Canadian airline operator rise 5.2% to C$35.36 - trading at their highest since Feb. 28 after co reports surprise Q1 profit

** Co reports adj. profit of 6 Canadian cents/shr, compared with analysts’ est. of 18 Canadian cents/shr loss - Refinitiv

** Traffic rose 4.2 pct and passenger revenue per available seat mile 4.5 pct

** Operating revenue of C$4.45 billion beats est. of C$4.39 billion

** Including early gains on Monday, stock up ~36 pct YTD (Reporting by Debroop Roy in Bengaluru)

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