CJOB News Team reporting
A bad first quarter for Air Canada - the airline's first-quarter loss was 11 times higher this year than in 2011.
Air Canada's net loss for January to March was 210 million dollars - 55 million was attributed to the shut down of Aveos.
But, Barry Prentice from the University of Manitoba's Asper School of Business tells CJOB some of the other numbers tell a better story.
The Montreal company had to weather higher fuel prices, work stoppages by some of its employees and the bankruptcy of Aveos, the company that formerly overhauled its planes.