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Jazz Air Income Fund revenue eases 0.1%, profits down in 3Q2010

9-Nov-2010 1:14 PM

Jazz Air Income Fund revenue eases 0.1% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue*: USD376.1 million, -0.1% year-on-year;
  • Operating costs: USD357.4 million, +1.4%;
    • Fuel: USD77.0 million, +8.4%;
    • Labour: USD76.5 million, +0.5%;
  • Operating profit: USD18.7 million, -22.3%;
  • Net profit: USD18.9 million, -24.6%;
  • Total assets: USD1,136 million, -9.6% when compared with the period ended 31-Dec-2009;
  • Cash and cash equivalents: USD85.4 million, -61.5% when compared with the period ended 31-Dec-2009;
  • Total liabilities: USD352.2 million, -23.8% when compared with the period ended 31-Dec-2009. [more]

*Based on the conversion rate at USD1 = CAD1.00791

Jazz Air Income Fund: “Based on the 2009 and 2010 winter schedule and 2010 planning assumptions received from Air Canada and the initial planned flying for Thomas Cook, Jazz anticipates billing between 379,000 and 381,000 block hours for the year ending December 31, 2010,” Company statement. Source: Jazz Air Income Fund, 08-Nov-2010.