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26-Oct-2017 3:35 PM

Air Canada operating profit up 12% in 3Q2017

Air Canada reported (25-Oct-2017) financial highlights for three months ended 30-Sep-2017:

  • Operating revenue: CAD4880 million (USD3892 million), +9.6% year-on-year;
    • Passenger: CAD4478 million (USD3572 million), +9.1%;
    • Cargo: CAD179 million (USD142.8 million), +37.7%;
  • Operating costs: CAD3876 million (USD3091 million), +9.0%;
    • Fuel: CAD832 million (USD663.6 million), +17.5%;
    • Labour: CAD690 million (USD550.3 million), +4.9%;
  • Operating profit: CAD1004 million (USD800.8 million), +12.1%;
  • Net profit: CAD1786 million (USD1425 million), +132.6%;
  • Passenger numbers: 14.0 million, +5.0%;
  • Passenger load factor: 85.3%, -0.2ppt;
  • Yield: CAD16.6 cents (USD13.24 cents), +0.4%;
  • Passenger revenue per ASM: CAD14.2 cents (USD11.33 cents), +0.1%;
  • Operating revenue per ASM: CAD15.7 cents (USD12.52 cents), +0.5%;
  • Operating cost per ASM: CAD12.5 cents (USD9.97 cents), -0.1%;
  • Total assets: CAD17,421 million (USD13,895 million);
  • Cash, cash equivalents and short-term investments: CAD4135 million (USD3298 million);
  • Total liabilities: CAD14,354 million (USD11,449 million). [more - original PR]

*Based on the average conversion rate at USD1 = CAD1.253775

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