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Beset by operational challenges that have spurred the cancellation of more than 150 flights in July and August, Air Canada on Tuesday said it would take additional measures in the third quarter to improve its performance. Meanwhile, executives on a Tuesday earnings call said the carrier's business travel traffic has passed 60 percent of 2019 levels and further growth is expected in the fall.   
With bookings riding high, Air Canada posted a nearly fivefold revenue increase in its latest quarter, but continued to suffer net losses in the hundreds of millions due to a "very challenging" three months, said CEO Michael Rousseau.
Air Canada raked in a nearly five-fold revenue increase in its latest quarter, but continued to suffer net losses in the hundreds of millions due to a very challenging three months, said CEO Mike Rousseau.