/ Air Canada reports Q2 2020 results with a loss of 1.5 billion

Operating loss of $1.555 billion

Supplier: Air Canada
Location: Canada

July 31 – Air Canada has reported unrestricted liquidity of $9.120 billion at June 30, 2020, in line with Air Canada’s expectations, compared to unrestricted liquidity of $7.380 billion at December 31, 2019.

 

Total revenues fell from $4.738 billion in the second quarter of 2019 to $527 million in the second quarter this year, a decline of $4.211 billion or 89 per cent. Cargo revenue increased 52 per cent to $269 million.

 

The airline reported second quarter 2020 negative EBITDA(1) (excluding special items) or (earnings before interest, taxes, depreciation and amortization) of $832 million compared to second quarter 2019 EBITDA of $916 million.

 

Air Canada reported an operating loss of $1.555 billion in the second quarter of 2020 compared to operating income of $422 million in the second quarter of 2019. For more information, please visit aircanada.mediaroom.com

 

 


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