Air Canada reports $178M second-quarter loss, down from $186M profit last year
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MONTREAL – Air Canada reported a net loss of $178 million during the second quarter, compared to net income of $186 million during the same period a year earlier.
That amounted to a diluted loss per share of 63 cents during the quarter, compared with diluted earnings per share of 51 cents.
Air Canada says its revenue reached $6.3 billion during the quarter, up year-over-year from $5.6 billion.
Alongside its earnings, the airline also announced that funds managed by Blackstone, La Caisse and others are making a $2.5 billion minority equity investment in Aeroplan Inc.
Under the terms of the deal, the investor group will acquire a 25 percent non-controlling equity interest in Aeroplan.
Air Canada will maintain full operational control of Aeroplan along with a controlling ownership interest.
This report by The Canadian Press was first published Aug. 11, 2026.
Companies in this story: (TSX:AC)