Stocks in Play

Air Canada

11:46 AM EST - Air Canada : reported full-year operating income of $361 million (before a net reduction of $46 million to a provision for cargo investigations) compared to an operating loss of $316 million in 2009, a $677-million improvement. Earnings before interest, taxes, depreciation, amortization and aircraft rent (EBITDAR) of $1.386 billion (before the net reduction of $46 million to the provision for cargo investigations) increased $707 million or 104% from 2009. Air Canada reported net income of $107 million or $0.37 per diluted share in 2010 compared to a net loss of $24 million or ($0.18) per diluted share in 2009. Air Canada shares T.AC.A are trading down $0.06 at $3.34.