Air Canada reports revenues of CA$4.887 billion for first-quarter 2023

Air Canada has reported first-quarter 2023 operating revenues of CA$4.887 billion, an increase of CA$2.314 billion from the same quarter in 2022, primarily from higher passenger revenues due to increased travel demand. Compared to the first quarter of 2019, operating revenues increased about 10%. Operated capacity increased about 53% from the first quarter of 2022 (about 84% of first quarter 2019 ASMs), in line with the projection provided in Air Canada