09:48 AM EST - Groupe Aeroplan Inc. : reported first-quarter net income of $23.2 million or $0.12 per share, compared to net income of $42.1 million or $0.21 per share in the same quarter last year. On a non-GAAP basis, net income was $44.6 million or $0.22 per share, down from $70.0 million or $0.35 per share in the year-ago quarter. Revenue for the quarter declined to $355.8 million from $356.2 million in the comparable quarter last year. The company also declared a quarterly dividend of $0.125 per share, payable on June 15, 2009 to shareholders of record at the close of business on May 29, 2009. Groupe Aeroplan Inc.
shares T.AER are trading down $0.20 at $8.65.
