Air Canada posted a quarterly profit of C$324 million in the fourth quarter, reversing a C$254 million loss from the same period a year earlier. The Canadian airline reported higher sales as travel demand continued to recover from pandemic-era lows. The strong results reflect improving passenger traffic and higher fares.

Revenue climbed as the airline benefited from increased capacity and strong booking trends. Air Canada has been expanding its network and adding new routes to capitalize on the rebound in both leisure and business travel. The carrier's cost controls and operational improvements also contributed to the bottom-line turnaround.

The profit marks a significant milestone for Air Canada as it continues its recovery journey. With travel restrictions largely lifted and consumer confidence returning, the airline is well-positioned to build on this momentum in 2024.