MONTREAL – ********** reported its first-quarter revenue nearly doubled compared with a year ago, boosted by strong demand.

********** chief executive Michael Rousseau says the financial results exceeded both internal and external expectations and that the ******* expects demand to persist, supported by strong advance bookings for the remainder of the year.

The ******* reported net income of $4 million for the quarter ended March 31, up from a loss of $974 million in the same quarter last year.

Revenue totalled $4.89 billion, up from $2.57 billion in the first three months of 2022.

On an adjusted basis, ********** says it lost 53 cents per diluted share in its latest quarter compared with an adjusted loss of $2.09 per diluted share a year earlier.

The average analyst estimate had been for an adjusted loss of 74 cents per share and $4.35 billion in revenue, according to estimates compiled by financial markets data firm Refinitiv.