Air Canada operating revenue up 11.4% in 4Q2010

Air Canada reports (10-Feb-2011) the following financial highlights:

• 3 months ended Dec-2010:
  • Operating revenues*: USD2,629.1 million, +11.4% year-on-year;
  • Operating income/loss: USD131.7 million compared to a loss of USD83.4 million in p-c-p;
  • Net income/loss for the period: USD134.7 million, compared to a loss of USD56.3 million in p-c-p;
  • Passenger traffic (RPMs): +8%;
  • Passenger load factor: 78.8%, +0.2 ppt;
  • Passenger revenue per RPM: +2.8%;
  • Passenger revenue per ASM: +3.0%;
  • CASM excluding fuel: -4.1%;
  • Aircraft in operating fleet^: 328, -1.2%;
• 12 months ended Dec-2010:
  • Operating revenues: USD10,840.2 million, +10.8%;
  • Operating income/loss: USD409.0 million, compared to a loss of USD317.6 million in p-c-p;
  • Net income/loss for the period: USD107.5 million, compared to a loss of USD24.1
  • million in p-c-p;
  • Passenger traffic (RPMs): +8.3%;
  • Passenger load factor: 81.7%, +1.0 ppts;
  • Passenger revenue per RPM: +2.3%;
  • Passenger revenue per ASM: +3.6%;
  • CASM excluding fuel: -4.5%;
  • Aircraft in operating fleet^: 328, -1.2%. [more]

* Based on the conversion rate USD1 = CAD0.995
^Includes Jazz aircraft covered under the Jazz CPA.