(Reuters) – Air Canada cut its full-year core profit forecast on Monday, as over-capacity in certain markets impacted its pricing power.
The airline now expects an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of C$3.1 billion ($2.26 billion) to C$3.4 billion, compared with its previous estimates of C$3.7 billion to C$4.2 billion. ($1 = 1.3740 Canadian dollars)
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Savio D’Souza)
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