Ace Aviation Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, income before taxes was CAD 8 million against loss before taxes of CAD 28 million last year. Income was CAD 8 million or CAD 0.25 per basic and diluted share against loss of CAD 28 million or CAD 0.86 per basic and diluted share last year.

For the nine months, income before taxes was CAD 5 million against loss before taxes of CAD 69 million last year. Income was CAD 5 million or CAD 0.15 per basic and diluted share against loss of CAD 69 million or CAD 2.12 per basic and diluted share last year. Cash flows used in operating activities was CAD 7 million against CAD 13 million last year.