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NAV CANADA announces first quarter financial results

Jan 13, 2021 - GlobeNewswire
Financial Results

OTTAWA, Jan. 13, 2021 (GLOBE NEWSWIRE) -- NAV CANADA today released its financial results for the three months ended November 30, 2020.

In the first quarter of fiscal 2021, the Company saw air traffic levels, as measured in weighted charging units, decrease 58.8% on a year over year basis. The Company’s revenue for the first quarter of fiscal 2021 was $202 million, compared to $364 million over the same period in fiscal 2020. The decrease is due to the continued significant negative ...