Air Canada operating profit down 2% in 3Q2013

Air Canada revenue up 5% - financial highlights for three months ended 30-Sep-2013:

• Total revenue: CAD3479 million (USD3326 million), +4.6% year-on-year;
• • Passenger: CAD3177 million (USD3029 million), +4.9%;
  • Cargo: CAD120 million (USD115 million), +1.7%;
• Total operating costs: CAD3063 million (USD2947 million), +5.5%;
• • Fuel: CAD1002 million (USD964 million), +4.0%;
  • Labour: CAD565 million (USD544 million), +7.0%;
• Operating profit: CAD416 million (USD400 million), -1.7%;
• Net profit: CAD298 million (USD287 million), -16.8%;
• Passenger numbers: 10.0 million, +2.0%;
• Passenger load factor: 86.2%, -0.1 ppt;
• Passenger yield: CAD 18.8 (USD 18.1 cents), +2.0%;
• Passenger revenue per ASM: CAD 16.2 cents (USD15.6 cents), +1.8%;
• Operating revenue per ASM: CAD 17.9 cents (USD 17.2 cents), +1.5%;
• Cost per ASM excl benefit plan amendments: CAD 15.8 cents (USD 15.2 cents), -1.9%;
• Total assets: CAD9481 million (USD9122 million);
• Cash and cash equivalents: CAD812 million (USD781 million);
• Total liabilities: CAD12,537 million (USD12,063 million). [more - original PR]

*Based on the average conversion rate at USD1 = CAD1.0393

Air Canada: "For the full year 2013, Air Canada continues to expect adjusted CASM to decrease in the range of 1.5 to 2.0 per cent from the full year 2012, consistent with the revised outlook provided with the October 3, 2013 traffic release." Source: Company statement, 08-Nov-2013.