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AIR CANADA REPORTS SECOND QUARTER 2001 RESULTS; ANNOUNCES JOB AND FLEET REDUCTIONS

MONTREAL, "Air Canada today reported a net loss of $108 million or $0.90 per share (basic) and an operating loss of $71 million for the quarter ended June 30, 2001. In a separate release issued today the airline outlined a comprehensive action plan which includes a further workforce reduction of 4,000 employees, additional fleet reductions, various business process modifications and profitability initiatives...

AVIONEWS - World Aeronautical Press Agency - 16151
Rome, Italy, 08/01/2001 12:36
AVIONEWS - World Aeronautical Press Agency

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