Canadian Stocks Advance, Cap Third Monthly Gain

Air Canada reported an unexpected first quarter profit, with a key earnings measure expected to rise to a record this year. The company's cost reduction plan is effective, as expenses per available seat mile fell by 3.3%. Norbert's shares increased significantly after strong earnings, driven by efficient operations in North America and Europe. CEO Peter Weinberg highlighted the continued momentum from last year. First Quantum's shares also rose, reflecting increased output of copper, nickel, and zinc, supported by the new Sentinel mine.

What was the percentage decrease in the cost per available seat mile for Air Canada this quarter?

What did CEO Peter Weinberg mention about the momentum from the previous year?