BNN Bloomberg
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Aug 11, 2026
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Air Canada sells 25% stake in Aeroplan to Blackstone, La Caisse for $2.5 billion - BNN Bloomberg
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Article Excerpt
MONTREAL — Air Canada reported a net loss of $178 million during the second quarter, compared to net income of $186 million during the same period a year earlier.
That amounted to a diluted loss per share of 63 cents during the quarter, compared with diluted earnings per share of 51 cents.
Air Canada says its revenue reached $6.3 billion during the quarter, up year-over-year from $5.6 billion.
Alongside its earnings, the airline also announced that funds managed by Blackstone, La Caisse and others are making a $2.5 billion minority equity investment in Aeroplan Inc.
Under the terms of the …
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