During this quarter, the airlines Air Canada and Finnair suffered further significant net losses.
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Already weakened by anti-Covid restrictions on its strategic destinations in Asia, Finnair further widened its losses in the first quarter. The closure of Russian airspace weighed heavily on the performance of the Finnish airline. During the first three months of the year, Finnair has suffered a loss of 212.8 million euros, compared to 145.4 million in the first quarter of 2021.
On his side, Air Canada suffered another net loss of 714 million euros in the first quarter of the year. It is less significant, however, than that observed at the same period last year. During this quarter, the carrier’s operating revenues amounted to 2.573 billion Canadian dollars, approximately three and a half times more than in the first quarter of 2021. Air Canada, which last month recorded a volume of passengers more important than in December and sales that have “reached more than 90% of their level of March 2019”, predicts that its recovery will accelerate further “by the end of 2022 and thereafter”.
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