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Air Canada reports highest ever EDITDA, JetBlue traffic up 8% in Jan-2011

Analysis

Air Canada reported a net profit of CAD107 million for the full-year 2010, compared with a net loss of CAD24 million in the previous year. The carrier reported its highest ever EBITDAR of CAD1386 million, up CAD707 million from the previous year. Shares in Air Canada were down 0.9% yesterday.

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