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Attention Business/Financial Editors
Air Canada reports November traffic
MONTREAL, Dec. 3 /CNW Telbec/ - For the month of November, Air Canada
reported a system load factor of 74.7 per cent on a consolidated basis with
Jazz (from which Air Canada purchases regional capacity), versus 77.6 per cent
in November 2008, a decrease of 2.9 percentage points. System traffic
decreased 1.2 per cent on a capacity increase of 2.7 per cent system wide.
"In November, Air Canada recorded a load factor of 74.7 per cent on a
consolidated basis with Jazz," said Calin Rovinescu, President and Chief
Executive Officer. "This result produced in the traditionally slower off-peak
travel season is also a reflection of the on-going effects of the weak economy
on the industry. As we have previously stated, we do not expect an economic
recovery for 12 to 18 months.
"During the month, we made good progress with the implementation of our
business plan. Notably, we began the introduction of codeshare services with
our new Star Alliance partner, Continental Airlines, to broaden our network
and increase our presence in new markets. This week we launched the only daily
non-stop service between Montreal and Houston, Continental's main hub
providing convenient connections to destinations in the United States, Mexico
and Central America. I am extremely grateful for the hard work of our
employees who exceeded On-Time Performance objectives for the month, achieving
on-time arrivals performance of over 82 per cent for the month of November.
Their professionalism and dedication is earning the loyalty of our customers
who, among the 25,000 readers of Global Traveler magazine, recently voted Air
Canada as the Best Airline in North America and Canada," concluded Mr.
Rovinescu.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Air Canada's public communications may include written or oral
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements, by their nature, are based on assumptions and are
subject to important risks and uncertainties. Any forecasts or forward-looking
predictions or statements cannot be relied upon due to, amongst other things,
changing external events and general uncertainties of the business. Actual
results may differ materially from results indicated in forward-looking
statements due to a number of factors, including without limitation, industry,
market, credit and economic conditions, the ability to reduce operating costs
and secure financing, pension issues, energy prices, currency exchange and
interest rates, employee and labour relations, competition, war, terrorist
acts, epidemic diseases, insurance issues and costs, changes in demand due to
the seasonal nature of the business, supply issues, changes in laws,
regulatory developments or proceedings, pending and future litigation and
actions by third parties as well as the factors identified throughout Air
Canada's public disclosure file available at www.sedar.com. The
forward-looking statements contained in this news release represent Air
Canada's expectations as of the date of this news release and are subject to
change after such date. However, Air Canada disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except as required
under applicable securities regulations.
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CONSOLIDATED
(AIR CANADA MAINLINE AND JAZZ)
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November Year-To-Date
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2009 2008 Change 2009 2008 Change
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Traffic
(RPMs mln) 3,180 3,217 -1.2% 44,029 46,790 -5.9%
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Capacity
(ASMs mln) 4,257 4,146 +2.7% 54,595 57,509 -5.1%
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Load Factor 74.7% 77.6% -2.9 pts 80.6% 81.4% -0.8 pts
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RPMs 1,073 1,110 -3.3% 14,315 14,998 -4.6%
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Canada ASMs 1,381 1,416 -2.5% 17,914 18,703 -4.2%
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LF 77.7% 78.4% -0.7 pts 79.9% 80.2% -0.3 pts
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RPMs 519 548 -5.3% 6,579 7,327 -10.2%
US ----------------------------------------------------------------
Trans- ASMs 728 734 -0.8% 8,761 9,553 -8.3%
border ----------------------------------------------------------------
LF 71.3% 74.7% -3.4 pts 75.1% 76.7% -1.6 pts
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RPMs 681 697 -2.3% 11,490 11,605 -1.0%
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Atlantic ASMs 998 926 +7.8% 13,821 13,678 +1.0%
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LF 68.2% 75.3% -7.1 pts 83.1% 84.8% -1.7 pts
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RPMs 549 502 +9.4% 6,900 7,979 -13.5%
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Pacific ASMs 669 576 +16.1% 8,100 9,467 -14.4%
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LF 82.1% 87.2% -5.1 pts 85.2% 84.3% +0.9 pts
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RPMs 358 360 -0.6% 4,745 4,881 -2.8%
Latin ----------------------------------------------------------------
Amer & ASMs 481 494 -2.6% 5,999 6,108 -1.8%
Other ----------------------------------------------------------------
LF 74.4% 72.9% +1.5 pts 79.1% 79.9% -0.8 pts
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