Air Canada Reports 2020 Annual Results
Total revenues declined 70 per cent due to COVID-19 and travel restrictions MONTREAL, Feb. 12, 2021 /CNW/ - Total revenues of $5.833 billion in 2020 declined $13.298 billion or 70 per cent from 2019. The airline reported 2020 negative EBITDA (1) (excluding special items) or (earnings before interest, taxes, depreciation and amortization) of $2.043 billion compared to 2019 EBITDA of $3.636 billion. Air Canada reported an operating loss of $3.776 billion in 2020 compared to operating income of $1.650 billion in 2019. Unrestricted liquidity amounted to $8.013 billion at December 31, 2020....
Source: newswire.ca