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ΛΙΜΙΛ ( All figures in Canadian dollars unless otherwise noted ) AIMIA REPORTS THIRD QUARTER 2021 RESULTS Toronto , November 11 , 2021 - Aimia Inc. ( TSX : AIM ) reported its financial results for the three and nine months ended September 30 , 2021 . Q3 2021 Highlights : Aimia reported income of $ 7.0 million and net earnings from continuing operations of $ 3.5 million . PLM generated net earnings of $ 10.0 million and adjusted EBITDA of $ 17.7 million ; Aimia received a $ 6.3 million distribution from PLM . ** Aimia invested $ 44.0 million ( US $ 35.0 million ) in TRADE X , a global B2B automotive cross border trading platform , at a pre - money valuation of $ 314 million ( US $ 250 million ) , representing a 12.3 % equity stake on a fully diluted basis . The privatization of Clear Media Limited was completed following the acquisition of all the remaining shares by the consortium of investors through their special purpose vehicle . Subsequent to the end of the quarter : • Aimia announced that it is in discussions with Aeromexico and its Debtors regarding a potential transaction whereby Aimia would divest its 48.9 % equity stake in PLM , which would become a wholly owned subsidiary of Aeromexico . • Aimia invested $ 12.4 million in a new special purpose vehicle created to pursue a leveraged buyout strategy . Q3 2021 financial highlights - continuing operations , unless otherwise noted : HIGHLIGHTS ( in millions of Canadian dollars , except per share amounts ) Continuing operations ( ¹ ) Income Expenses Earnings ( loss ) before income taxes Net Earnings ( loss ) Loss per Common Share Distributions received from PLM Cash used in Operating Activities Consolidated Net Earnings ( loss ) Loss per Common Share Cash used in Operating Activities Three Months Ended September 30 , 2021 7.0 3.1 4.7 3.5 6.3 ( 1.0 ) Information not meaningful 1. Continuing operations refers to consolidated results excluding discontinued operations . 3.5 ( 1.0 ) 2020 ( 1.1 ) 8.8 ( 9.9 ) ( 10.7 ) ( 0.15 ) ( 7.7 ) ( 10.8 ) ( 0.15 ) ( 7.7 ) YoY % Change ** -64.8 % ** ** ** ** -87.0 % ** ** -87.0 %