MONTREAL — ********** reported its strongest second quarter ever with a $223 million net profit compared to a net loss of $23 million in the same quarter last year and a loss of $341 million in the first quarter of 2014.
“I am pleased to report that ********** delivered its best second-quarter financial performance in the corporation’s history, surpassing last year’s records in all three measures of operating income, adjusted net income and EBITDAR,” said ********** president and CEO Calin Rovinescu.
“In addition to seeing good year-over-year revenue growth in all of our five markets, we have also seen a marked increase in the number of international and U.S.-originating customers choosing ********** for their global travel plans. Investments by ********** and our industry partners to provide a seamless transfer experience at Canada’s major hubs are starting to show results. The performance of ********** rouge has exceeded expectations and allows ********** to now compete more effectively in leisure markets on a more cost effective basis. Combined with **********’s other cost transformation strategies, adjusted CASM decreased 4.7% from the previous year’s quarter.