Air Canada posts C$400 million loss, seeks 'immediate' pension relief Air Canada reported a first-quarter net loss of C$400 million (US$342 million), nearly 40 per cent greater than the C$288 million loss a year earlier. Air Canada’s new president and CEO Calin Rovinescu said the carrier is urgently seeking relief from its pension funding obligations. Rovinescu told shareholders at the company's AGM in Montreal, that the carrier has a "pressing need to achieve an alternate pension … [Read more...] about Air Canada liquidity is of prime concern: CEO