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Jazz Air Income Fund revenue down 10.6%, operating profit down 41% in 4Q2009

10-Feb-2010 3:27 PM

Jazz Air Income Fund revenue down 10.6% - financial highlights:

  • Three months ended 31-Dec-2009:
    • Revenue: USD328.3 million, -10.6% year-on-year;
    • Operating costs: USD304.6 million, -7.7%;
      • Labour: USD78.4 million, +0.8%;
      • Fuel: USD60.5 million, -27.3%;
    • Operating profit: USD16.1 million, -40.9%;
    • Net profit: USD19.5 million, compared to a loss of USD80.8 million in the previous corresponding period;
    • Passenger numbers: 2.1 million, -7.4%;
    • Passenger load factor: 67.2%, -5.5 ppts;
    • Cost per ASM: USD 24.1 cents, -3.7%;
    • Cost per ASM excl fuel: USD 19.3 cents, +3.4%;
  • 12 months ended 31-Dec-2009:
    • Revenue: USD1,379 million, -9.9%;
    • Operating costs: USD1,295 million, -9.5%;
      • Labour: USD274.7 million, +0.4%;
      • Fuel: USD239.1 million, -40.5%;
    • Operating profit: USD83.0 million, -16.4%;
    • Net profit: USD86.6 million, compared to a loss of USD8.8 million in the previous corresponding period;
    • Passenger numbers: 8.8 million, -9.9%;
    • Passenger load factor: 67.8%, -6.5 ppts;
    • Cost per ASM: USD 23.3 cents, -5.1%;
    • Cost per ASM excl fuel: USD 18.9 cents, +8.1%. [more][more - Perspective]
  • *Based on the conversion rate at USD1 =CAD1.07