Air Canada slumps on lower yield expectations - Air - TopicsExpress

Air Canada slumps on lower yield expectations - Air Canada(TSE:AC.B), the nations largest airline, was lower in midday trades after saying yields will continue to decline this year as it packs fuller planes. Shares fell 6.7 percent to C$8.64 at 2:27 p.m. in Toronto. Yield, or average fare per mile, declined 2.1 percent in the April-to-June period, the Montreal, Quebec-based company said in a statement today. Chief Executive Officer Calin Rovinescu said yields will co... ow.ly/2LoeLz