MONTREAL — Air Canada reported a net loss of $178 million during the second quarter, compared to net income of $186 million during the same period a year earlier. That amounted to a diluted loss per share of 63 cents during the quarter, compared with diluted earnings per share of 51 cents. Air Canada says its revenue reached $6.3 billion during the quarter, up year-over-year from $5.6 billion. Alongside its earnings, the airline also announced that funds managed by Blackstone, La Caisse and others are making a $2.5 billion minority equity investment in Aeroplan Inc. Under the terms of the deal, the investor group will acquire a 25 percent non-controlling equity interest in Aeroplan. Air Canada will maintain full operational control of Aeroplan along with a controlling ownership interest. This report by The Canadian Press was first published Aug. 11, 2026 The Canadian Press
