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17-Jul-2017 3:40 PM

NAV Canada revenue down 2% in Q3FY2017

NAV CANADA reported (17-Jul-2017) the following financial highlights for year ended 31-May-2017:

  • Three months ended 31-May-2017:
    • Revenue: CAD332 million (USD246.4 millon), -1.5% year-on-year;
    • Operating costs: CAD348 million (USD258.3 million), +9.1%;
  • Nine months ended 31-May-2017:
    • Revenue: CAD960 million (USD720.6 millon), -2.8% year-on-year;
    • Operating costs: CAD997 million (USD748.4 million), +8.1%;
    • Air traffic: +5.1%. [more - original PR]

*Based on the conversion rate at USD1 = CAD1.347205 for three months ended 31-May-2017
**Based on the conversion rate at USD1 = CAD1.332227 for nine months ended 31-May-2017