Groupe Aeroplan revenue down 1.3%, operating profit drops in 4Q2009

Groupe Aeroplan revenue down 1.3% - financial highlights:

• Three months ended 31-Dec-2009:
  • Revenue: USD408.6 million, -1.3% year-on-year;
  • Operating profit: USD62.7 million, -38.0%;
  • Net profit: USD19.7 million, compared to a net loss of USD1,033 million in the previous corresponding period;
• 12 months ended 31-Dec-2009:
  • Revenue: USD1,382 million, -1.5%;
  • Operating profit: USD234.6 million, -20.5%;
  • Net profit: USD85.9 million, compared to a net loss of USD928.1 million in the previous corresponding period. [more]

*Based on the conversion rate at USD1 = CAD1.04

Groupe Aeroplan: "For 2010, excluding the effect of currency fluctuations, Groupe Aeroplan anticipates modest organic growth in Gross Billings in its legacy businesses, and with the acquisition of Carlson Marketing, in consolidated Adjusted EBITDA as well," Company statement. Source: Groupe Aeroplan, 04-Mar-2010.