Record Q2 for Air Canada

Air Canada posted a record second quarter performance for 2014, reporting a net income of $223 million compared to a net loss of $23 million in the second quarter of 2013.

Calin Rovinescu, Air Canada’s President and Chief Executive Officer, described the results as the “best second quarter financial performance in the corporation's history,” attributing the results to “various value-enhancing strategies” implemented by the airline, including the establishment of the Air Canada Rouge vacation service, as well as an increase in U.S. and international travellers flying with the company.

The results also included a $41 million tax adjustment for the airline.