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Air Canada upgrades FY2010 forecast

21-Jul-2010 12:56 PM

Air Canada released (20-Jul-2010) the following preliminary financial/traffic highlights for 2Q2010:

  • Operating profit*: USD57.5 million to USD76.6 million;
  • EBITDAR: USD306.6 million to USD325.7 million;
  • Capacity (ASMs): +5.3%;
  • Revenue per ASM: +6.6%;
  • Costs per ASM excl fuel: -4.2%;
  • FY2010 forecast:
    • Capacity (ASMs): +6% to +7.5%, up from the previous forecast +4% to +6% in 1Q2010;
      • Domestic: +1%, down from previous forecast of +1.5%;
    • Costs per ASM: -3.5% to -4.5%, up from the previous forecast of -2% to -4%. [more]

*Based on the conversion rate at USD1 = CAD1.04379

The carrier is scheduled to release its full 2Q2010 results on 06-Aug-210.