Air Canada reported an adjusted net income of C$516 million ($393 million) for the third quarter (3Q), down 39% from a restated adjusted net income of C$922 for the year-ago quarter. The Canadian flag carrier’s 3Q unadjusted net income was C$645 million, compared to $1.7 billion a year ago, when the airline received a net income tax recovery of C$793 million. The carrier saw record 3Q operating revenues of C$5.4 billion, an 11% increase year-over-year (YOY) from C$4.9 ...

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