AIR CANADA reported net loss of C$1.2b in 2Q21 vs (C$343m net profit in 2Q19) on 82.4% lower revenues vs 2Q19; it ended quarter with C$9.8b liquidity. It expects 3Q21 capacity to be down 65% vs 3Q19, projecting net cash burn of $3m-$5m per day.

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