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Air Canada reports net loss in 1Q2010

7-May-2010 11:34 AM
Air Canada reports (06-May-2010) the following financial highlights for the three months ended 31-Mar-2010:
  • Revenue: USD2,397 million, +5.4% year-on-year;
  • Operating loss: (USD120 million), compared to a loss of USD179 million in the corresponding period last year;
  • Net loss: (USD81 million), compared to a loss of USD381 million in the corresponding period last year;
  • Passenger traffic (RPM): +6.4%;
  • Passenger capacity (ASM): +6.6%;
  • Passenger load factor: 79.4%, -0.1 ppts;
  • Yield (per RPK): -2.2%;
  • Operating costs (per ASM): -3.7%;
  • Outlook for three months ended 30-Jun-2010:
    • Passenger capacity: up 4.5% to 5.5%
    • Operating Cost per ASM (excl.Fuel): down 1.5% to 2.5%
  • Outlook for 12 months ended 31-Dec-2010:
    • Passenger capacity: up 4% to 6%
    • Cost per ASM (excl.fuel): down 2% to 4%. [more]
  • 1 CAD = 0.951549 USD
Air Canada: "Air Canada's outlook assumes that the North American economy will continue to slowly recover in 2010. In addition, Air Canada expects that the Canadian dollar will trade, on average, at CAD1.02 per USD in 2Q2010 and for the full year 2010 and that the price of fuel will average 72 cents per litre in 2Q2010 and for the full year 2010 (both net of fuel hedging positions)," Company Reports. Source: Air Canada, 06-May-2010.