Higher quarterly loss than expected for Air Canada is considered an example of unsystematic risk.

Unsystematic Risk

The risk associated with a specific company or industry, also known as non-systematic risk or diversifiable risk.

Quarterly Loss

A financial situation where a company spends more than it earns during a three-month period, leading to a negative net income.

Air Canada

The largest airline of Canada, serving domestic and international routes and offering cargo and passenger services.