3-May-2016 10:44 AM
Air Canada remains on track to meet key financial targets
Air Canada confirmed (29-Apr-2016) it remains on track to meet or exceed the following key financial targets:
- Annual EBITDAR margin of 15% to 18% over the term of 2016-2018;
- Year-over-year ROIC of 13% to 16% over the term of 2016-2018;
- A leverage ratio not exceeding 2.2 by 2018.
Air Canada also remains committed to reducing unit costs by 21%, excluding the impact of foreign exchange and fuel prices, by the end of 2018 compared to 2012. [more - original PR]