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Air Canada marks successful turnaround, still a long way to go

Analysis

Despite a loss of CAD203 million for the second quarter, a CAD358 million swing from the CAD155 income a year ago, Air Canada is marking a return from the brink. It reported operating income of CAD75 million, compared with an operating loss of CAD113 million in the year-ago period, a CAD188 million turnaround.

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