How did Enbridge & Air Canada fare in Latest Earnings Report?

February 15, 2021 09:30 PM AEDT | By Team Kalkine Media

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Canadian energy company Enbridge reported a higher EBIDTA for the fourth quarter of 2020. The EBITDA improved by C$15 million to C$ 3.2 billion in Q4. It also hiked its quarterly dividend payout by 3 percent to C$ 0.835 per share, straight 26th successive annual rise.

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* Air Canada 2020 Financial Results

The carrier reported full-year 2020 revenues of C$ 5.833 billion, down 73 percent year-over-year (YoY) due to COVID-led travel restrictions. The airline held unrestricted available cash and cash equivalent of C$ 8 billion as of December 31, 2020. Operating loss stood at C$ 3.776 billion.

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