Hit by high fuel costs, Air Canada parent ACE Aviation Holdings reported a fourth-quarter loss Friday, and unveiled plans to cut about 600 non-union jobs.

ACE Aviation said it expects the 20 percent reduction in jobs to come from management and other nonunion staff, mainly at Air Canada, the nation’s largest airline, and its cargo unit, as well as at its ground-handling and maintenance services. The company expects to record the job-cut costs in its first quarter.

“We’re probably looking at a one-off charge, probably in Q1 somewhere in the order of C$40 million,” said Brian Dunne, chief financial officer at ACE.

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