Air Canada has published an operating profit of CAD 802 million for the second quarter as it enjoys solid demand levels.
Revenues for the company grew 36% from 2022 with CAD 5.42 billion, with passenger revenues also being a strong grower.
This was highlighted only further through the substantial increase in capacity and traffic, which rose 21% and 32%, respectively.
I thank the entire team for its continued dedication to serving our customers, including collaborating with our partners, who also share the responsibility of ensuring a smooth customer journey. We safely carried over 11 million customers across our global network in the quarter, a year-over-year increase of about 23 per cent. However, despite having more trained resources than last summer and improved tools, our operations in June and July were not at expected levels. We are increasing our efforts to protect the customer journey from disruption, regardless of the cause. This includes using any influence we have, in such instances as pilot attrition at our principal regional partner or global supply chain issues, or working to mitigate the effects of situations beyond our control, such as disruptive storm activity in our key hubs and markets. We are confident that our efforts will generate positive outcomes.Michael Rousseau, President and Chief Executive Officer of Air Canada.
The remainder of 2023 is expected to be solid for the Canadian carrier, which, according to critical executives, gives them the confidence to continue growing and expanding their network.
Air Canada has already outlined network changes for the upcoming winter schedule that represent significant growth in demand for specific regions over previous years.