Jazz Air reports reduced profit for the nine months ended 30-Sep-09

Jazz Air Income Fund reports (12-Nov-09) the following financial highlights:

• Three months ended 30-Sep-09:
  • Revenue: USD362.3 million, -13.2% year-on-year;
  • Operating costs: USD329.2 million, -12%;
    • Fuel: -45.7%;
  • Operating profit: USD2.3 million, -30.4%;
  • Net profit: USD2.4 million, -20.2%;
  • Passenger numbers: 2.3 million, -8.2%;
  • ASMs: -3.6%;
  • Passenger load factor: 68.8%, -3.8 ppts;
  • Cost per ASMs: -8.8%
• Nine months ended 30-Sep-09:
  • Revenue: USD1,072 million, -9.7% year-on-year;
  • Operating costs: USD973.2 million, -10.2%;
    • Fuel: -43.8%;
  • Operating profit: USD68.3 million, -7.1%;
  • Net profit: USD68.6 million, -6.8%;
  • Passenger numbers: 6.7 million, -10.7%;
  • ASMs: -4.9%;
  • Passenger load factor: 68.0%, -6.8 ppts;
  • Cost per ASMs: -5.6%. [more]

*Based on the conversion rate at 1 CAD = 0.954487 USD

Jazz Air Income Fund: "For the third consecutive quarter of 2009, we are reporting financial and operational results which are amongst the best of the North American aviation industry." Company statement. Source: Jazz Air Income Fund, 12-Nov-09.