Air Canada posts record profit and operating income in first quarter

Mirroring the performance of some of its peers across the border, Air Canada had a record-breaking first quarter, with operating income of $200 million.

In that same three-month period last year, the Canadian carrier had a $62 million operating loss.

Air Canada also had an adjusted profit of $122 million, or 41 cents per share at the start of 2015, vs. a $132 million loss or 46 cents per share during those three months in 2014.

"I am delighted to report the best first quarter financial performance in Air Canada's history," Calin Rovinescu, Air Canada's president and CEO said in a statement. "Record results in adjusted net income, operating income, operating margin ... While fuel prices remain volatile, in 2015 we expect to continue to expand margins, increase adjusted net income, strengthen our balance sheet and create value for shareholders.''