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Air Canada

10:47 AM EST - Air Canada : Today reported second-quarter 2018 EBITDAR (earnings before interest, taxes, depreciation, amortization, impairment and aircraft rent) of $646 million compared to second-quarter 2017 EBITDAR of $681 million. Air Canada reported operating income of $226 million compared to operating income of $292 million in the second quarter of 2017. The airline reported adjusted pre-tax income of $163 million in the second quarter of 2018 compared to adjusted pre-tax income of $229 million in the prior year's quarter. On a GAAP basis, in the second quarter of 2018, Air Canada reported a loss before income taxes of $71 million, compared to income before income taxes of $314 million in the second quarter of 2017. Air Canada shares T.AC are trading up $0.43 at $23.91.