Air Canada reports $101-million profit compared with a loss a year ago

, Income

Air Canada's operating expenses rose compared with last year due to an increase in capacity and the impact of the weaker Canadian dollar, offset in part by lower fuel costs.

MONTREAL — Air Canada reported a profit of $101 million in its latest quarter compared with a loss a year ago.

The airline says the profit amounted to 35 cents per diluted share compared with a loss of $309 million or $1.08 per diluted share in the same quarter last year.

Operating revenue totalled $3.34 billion, up from $3.25 billion.

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