The Financial Post reports in its Saturday edition that Air Canada posted higher-than-expected revenue and profit for the second quarter, benefiting from strong customer demand and higher ticket prices and lower fuel costs. The Post's Denise Paglinawan writes that the airline beat estimates as it posted adjusted earnings before interest, taxes, depreciation and amortization of $1.2-billion, above the consensus of $919-million and more than $1-billion above the figure recorded in the second quarter of 2022. The company's $838-million net income for the three months ended June 30 was a $1.22-billion improvement from the previous year, when it reported a loss of $386-million, results released Friday showed. The carrier increased the lower end of its adjusted EBITDA guidance range to $3.75-billion to $4-billion, instead of the previous range of $3.5-billion to $4-billion. It also plans to increase its available seat mile capacity for the next quarter by 11 per cent from the same quarter in 2022. Management has increased the lower end of its adjusted EBITDA guidance range. RBC analyst Walter Spracklin said the airline was possibly being conservative with the guidance hike given sensitivity to fuel costs and higher airfares.