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Air Canada posts biggest annual loss in nearly two decades as virus hits bookings

Feb 12 (Reuters) - Air Canada on Friday reported its biggest annual loss in at least 19 years as the coronavirus crisis hit bookings, with no breakthrough in talks with the government over further financial aid.

The company’s net loss for 2020 was C$4.65 billion ($3.65 billion), or C$16.47 per share, compared with a profit of C$1.48 billion, or C$5.44 per share.

Full-year operating revenue plunged 70% to C$5.83 billion. ($1 = 1.2737 Canadian dollars) (Reporting by Ankit Ajmera in Bengaluru; Editing by Vinay Dwivedi)

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