Air Canada Tops Rivals After Victory Over Pilots

Air Canada bonds are outperforming North American rivals as investors bet the nation’s flagship carrier is moving closer to profitability after winning an almost two-year labor dispute with pilots.

The airline is the secondbest performer in an index of peers that includes American Airlines parent AMR and United Continental, returning 3.2 percent since July 1 compared with 1.7 percent overall, according to BAML index data. Delta bonds gained 3.6 percent during the same period.

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