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Air Canada says it corrupt $20 million after ash from a volcanic eruption in Iceland closed European airspace in April. (Arnar Thorisson/Associated Press)

Montreal-based Air Canada says deeper from abroad exchange losses pulled the company to a net loss of $203 very great number in the second quarter.

Canada’s largest airline (TSX:AC) says the losses were like to 72 cents per diluted share on an unadjusted basis.

That compared to without deductions income of $155 million, or $1.55 per share, in the encourage quarter last year.

The results included a foreign exchange loss of $156 the masses during the period.

For July, Air Canada also reports a memory system load factor of 84.9 per cent on a consolidated foundation with Jazz.

That compares to 83.6 per cent in July 2009, an increase of 1.3 percentage points.

System traffic increased 10.8 for cent — an increase of 9.1 per cent.

Air Canada also says it lost about $20 million in operating profits from mounting cancellations after the closure of European airspace in mid-April since of ash from the volcanic eruption in Iceland.

© The Canadian Press, 2010