The falling value of the Canadian dollar has cost Air Canada $100 million in the last quarter of its financial year but the airline has still posted record annual profits of $531 million, a rise from $340 million in the previous year.
The falling value of the Canadian dollar has cost Air Canada $100 million in the last quarter of its financial year but the airline has still posted record annual profits of $531 million, a rise from $340 million in the previous year. The exchange rate is an issue for the airline as its income is mainly in Canadian dollars while many of its costs, including fuel, are in US dollars.
