Air Canada raises annual cost forecast

(Reuters) - Air Canada on Tuesday forecast higher full-year expenses, as it ramps up capacity amid a rise in labor costs and jet fuel prices.

The Canadian carrier expects 2022 adjusted cost per available seat mile to be up about 15% to 17%, above 2019 levels, compared to its previous forecast of a 13% to 15% rise.

(Reporting by Kannaki Deka in Bengaluru; Editing by Vinay Dwivedi)