21-Jul-2010 12:56 PM
Air Canada upgrades FY2010 forecast
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]
- Capacity (ASMs): +6% to +7.5%, up from the previous forecast +4% to +6% in 1Q2010;
*Based on the conversion rate at USD1 = CAD1.04379
The carrier is scheduled to release its full 2Q2010 results on 06-Aug-210.