05-11-2015 17:09 via news.yahoo.com

Air Canada's profit beats estimates as costs fall; stock up

By Allison Lampert MONTREAL (Reuters) - Air Canada , the country's biggest airline, reported a better-than-expected quarterly profit on Thursday, helped by lower fuel costs and higher-than-anticipated demand. Montreal-based Air Canada said it now expected its adjusted cost per available seat mile, which excludes fuel expenses, to decline by up to 1 percent in 2015 as a weaker Canadian dollar increases some expenses. Air Canada chief executive Calin Rovinescu said Canadians continued to travel in
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