NAV CANADA, the country’s air navigation service provider, has reported its financial results for the third quarter of fiscal 2024, ending May 31, 2024. The company saw a notable increase in air traffic levels, but this was offset by higher operating expenses and a net loss for the quarter.
NAV CANADA, the Canadian air navigation service provider, announced a significant increase in air traffic for May 2024. The company reported a 6.2% rise in weighted charging units, a metric that reflects the volume and complexity of flights in Canadian airspace. This growth signifies a strong rebound in air travel following the pandemic.
