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Old Nov 8, 2010 | 4:14 pm
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tcook052
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Jazz Air reports almost 25 per cent Q3 profit drop to $19.1 million
http://www.canadianbusiness.com/mark...ntent=b5074072

HALIFAX - Jazz Air Income Fund (TSX:JAZ.UN) says its third-quarter profit was nearly 25 per cent lower than it was in the comparable period of 2009.

The affiliate of Air Canada (TSX:AC.A) said net income was $19.1 million in the three months ended Sept. 30, down from $26.9 million in the 2009 third quarter.

Revenues dropped slightly to $379.1 million, compared to $379.7 million year-over-year, mainly due to a lower U.S. dollar.

"I'm pleased with our performance in the third quarter," chief executive Joseph Randell said in a news release on Monday.
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