ACE Aviation Holdings Inc. releases fourth quarter results: reports net income of $15 million (CNW Group via Yahoo! Finance)

ACE Aviation Holdings Inc. reported today an operating loss of $3 million for the fourth quarter of 2004, an improvement of $74 million from the operating loss before reorganization and restructuring items of $77 million recorded in the fourth quarter of 2003, despite a 49 per cent or $142 million increase in fuel expense.