Air Canada expects system capacity (ASMs) to increase in the range of 2% to 3% in 2Q2013

Air Canada reports (10-Jun-2013) the following traffic and financial outlook for 2Q2013 and full year 2013. Details include:

• 2Q2013:
  • ASM growth:
    • System: Increase 2% to 3% year-on-year;
    • Canada: n/a;
  • Adjusted CASM^: Decrease 0.5% to 1.5%;
• 2013:
  • ASM growth:
    • System: Increase 1.5% to 2.5%;
    • Canada: Increase 1.5% to 2.5%;
  • Adjusted CASM^: Decrease 0.5% to 1.5%. [more - original PR]

^Excludes fuel expense, the cost of ground packages at Air Canada Vacations and unusual items