Stocks in Play

Air Canada

09:52 AM EST - Air Canada : reported a second-quarter net loss of $203 million or $0.72 per share, compared to net income of $155 million or $1.55 per share in the second quarter of 2009. The latest quarter included a charge of $54 million in interest expense relating to its secured term credit facility, and foreign exchange losses of $156 million. The prior quarter results included gains on foreign exchange of $355 million. On an adjusted basis, the airline reported a loss per share of $0.26 in the second quarter of 2010. Operating revenues rose to $2.625 billion, from $2.330 billion in the year ago quarter. Air Canada shares T.AC.A are trading down $0.07 at $2.23.