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20 - Air Canada

amortization), free cash flow and adjusted CASM are each non-GAAP financial measures and net debt is an additional GAAP measure. Refer to section 19 of Air Canada’s 2020 MD&A for descriptions of Air Canada’s non-GAAP financial measures and additional GAAP measures. (2) Unrestricted liquidity refers to the sum of cash, cash

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  Flows, Sachs, Canada, Liquidity, Air canada, Cash flow

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