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Air Canada bemoans 'patchwork of ever-changing travel restrictions'


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Fresh off reporting a massive loss, Air Canada is increasingly confident the federal government will soon come through with a financial aid package for the beleaguered airline industry.
The net loss in the fourth quarter was $1.16 billion, or $3.91 per diluted share, Air Canada said Friday in a statement. A year earlier, in the last quarter before COVID-19 affected operations, the carrier had net income of $152 million, or 56 cents a share. Air Canada burned through $1.38 billion of cash, or about $15 million a day, in the last three months of 2020.
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