Air Canada Revenue Increased While Yield Declined in Q1

Air Canada's passenger revenue increased 2.8 percent year over year to C$2.9 billion in the first quarter. Its yield declined 4.7 percent due to increased market capacity, more competition on regional routes and declining demand from the energy sector. Traffic increased 7.7 percent, and capacity rose 8.2 percent. As such, the carrier's load factor declined 0.3 percentage points to 81.1 percent. Air Canada reported a net income of C$101 million, compared with a C$309 million loss in the first quarter of 2015.