Aimia Inc. Q1 2022 Earnings Results and Financial Report

Aimia Inc. reported Q1 2022 financial results including a net loss of $18.9 million, signing of a binding letter of intent to divest its 48.9% stake in PLM to Aeromexico for approximately $484 million CAD, and strong growth from TRADE X with gross vehicle sales up 714% year-over-year. The company plans to use proceeds from the PLM transaction for acquisitions and shareholder returns through buybacks and dividends.