Air Canada suffered a $1.75-billion loss last quarter as revenues plummeted amid travel restrictions and a collapse in demand stemming from the COVID-19 pandemic. Air Canada saw net income drop by 84 per cent year over year while total revenues plunged to $527 billion in the quarter ended June 30 from $4.74 billion a year earlier. It lost $6.44 per diluted share, compared with net income equalling $1.26 per share or $343 million a year earlier.
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