Loading
10-Aug-2009 2:38 PM

Air Canada 2Q2009 revenue down 16.2%

Air Canada revenue down 16.2% - financial highlights:

  • Three months ended 30-Jun-2009:
    • Operating revenue: USD2,154 million, -16.2% year-on-year;
    • Operating profit (loss): (USD104.6 million), compared to a profit of USD6.5 million in the previous corresponding period;
    • Net profit: USD143.5 million, -27.0%;
    • Passenger traffic (RPMs): -7.9%;
    • Passenger load factor: 80.5%, -2.2 ppts;
    • Passenger revenue per RPM: USD16.0 cents, -8.9%;
    • Passenger revenue per ASM: USD12.9 cents, -11.3%;
    • Revenue per ASM: USD 14.6 cents, -11.4%;
    • Cost per ASM: USD 15.4 cents, -7.0%;
    • Cost per ASM excluding fuel: USD 11.8 cents, +2.6%;
  • Six months ended 30-Jun-2009:
    • Revenue: USD4,371 million, -14.3%;
    • Operating profit (loss): (USD278.7 million), compared to a loss of USD120.4 million in the previous corresponding period;
    • Net profit (loss): (USD226.9 million), compared to a loss of USD153.7 million in the previous corresponding period;
    • Passenger traffic (RPMs): -9.4%;
    • Passenger load factor: 80.0%, -1.4 ppt;
    • Passenger revenue per RPM: USD 16.5 cents, -5.8%;
    • Passenger revenue per ASM: USD 13.1 cents, -7.3%;
    • Revenue per ASM: USD 15.3 cents, +7.0%;
    • Cost per ASM: USD 16.3 cents, -1.2%;
    • Cost per ASM excluding costs: USD 12.5 cents, +5.9%.
  • *Based on the conversion rate at USD1 = CAD1.08

Air Canada: “Air Canada expects its full year 2009 CASM, excluding fuel expense, to increase between 4.0% and 5.0% compared to the full year 2008 (as opposed to the full year 2009 CASM (excluding fuel expense) increase of between 5.5% and 6.5% previously projected in Air Canada's press release dated 08-May-2009). The difference is largely attributable to a stronger Canadian dollar versus the USD and its impact on US denominated expenses. For the third quarter of 2009, Air Canada expects CASM, excluding fuel expense, to increase between 5.5% and 6.5% compared to the third quarter of 2008,” Company statement. Source: Air Canada, 07-Aug-2009.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More