Stock news for investors: Blackberry reports Q2 profit growth while Air Canada the guidelines after Strike Slash – Moneysense Slash Slash

On an adapted basis, BlackBerry says that it earned four cents per share for the quarter compared to zero cents us per share a year earlier.

The turnover for the last quarter of the company was US $ 129.6 million, an increase of US $ 126.2 million a year earlier. The increase was when the turnover of QNX segment rose to US $ 63.1 million, an increase of US $ 54.7 million a year ago, while secure communication turnover fell to US $ 59.9 million compared to US $ 66.5 million. The income from the license amounted to US $ 6.6 million, an increase of $ 5.0 million a year earlier.

In his outlook for his full year, Blackberry says that it is now expected a turnover of US $ 519 million to US $ 541 million, an increase in previous guidelines for US $ 508 million to US $ 538 million.

The company also increased its guidelines for its adapted profit per share for its entire year to between 11 cents US and 15 cents US, from previous expectations for between eight cents US and 10 cents US.

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Air Canada reduces the guidelines for the entire year, since the hit of strike is estimated at $ 375 million

Air Canada has reduced its guidance for the year after taking a hit of the stewardess strike that took place earlier this summer. The airline established in Montreal said in a press release that it estimates that the costs of the disruption were $ 375 million for business income and adapted income before interest, taxes, depreciation and amortization.

Air Canada said it will now earn between $ 2.9 billion and $ 3.1 billion in adapted EBITDA for the entire year. In comparison with the previous guidelines of the airline it suspended in August, which had projected the adapted EBITDA between $ 3.2 billion and $ 3.6 billion.

For the third quarter, Air Canada said that the business capacity will decrease by around 2% compared to the same period last year, due to the cancellation of more than 3,200 flights. It also expects business income between $ 250 million and $ 300 million during the quarter.

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The airline said that three factors were combined for the financial impact of $ 375 million of the strike. The first is an estimated turnover of $ 430 from reimbursements, compensation for customers and lower travel bookings. It also had around $ 90 million in incremental costs related to repayments for customers and some labor costs. However, the company has also saved $ 145 million, mainly due to lower fuel costs, which reduced the loss.

The strike of the Air Canada -Stewardess lasted three days and ended on August 19, although it took longer to go to full operations.

Earlier this month, Air Canada’s stewardesses greatly rejected the employer’s wage offer, whereby the airline said that the wage section will now be referred to mediation as previously agreed by both parties.

The provisional deal that was voted for increased wages for employees and established a wage structure for time that is processed when planes are on site.

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