(Corrects to show Q1 earnings period did not include aid package)
May 7 (Reuters) - Air Canada AC.TO on Friday reported its fifth straight quarterly loss, as rising coronavirus infections in parts of the world and travel restrictions limited traffic.
The Montreal-based airline has been focusing on cargo and domestic flights, as strict Canadian restrictions forced it to slash capacity for international travel and cut costs while a third wave of COVID-19 infections in the country ravages demand.
It secured a long-awaited C$5.9 billion ($4.79 billion) government aid package in April.
Canada is facing a slower recovery in air travel compared to the United States, where an accelerated COVID-19 vaccine rollout and falling numbers of cases and deaths have driven a surge in demand for summer flights.
Air Canada projects a net cash burn of between $13 million and $15 million per day in the second quarter of 2021.
Operating revenue fell to $729 million in the first quarter from $3.72 billion a year earlier.
Canada's largest carrier reported a loss of C$1.30 billion, compared with C$1.05 billion. ($1 = 1.2184 Canadian dollars)