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Attention Business/Financial Editors
Air Canada reports October traffic
MONTREAL, Nov. 4 /CNW Telbec/ - For the month of October, Air Canada
reported a system load factor of 79.6 per cent on a consolidated basis with
Jazz (from which Air Canada purchases regional capacity), versus 80.2 per cent
in October 2008, a decrease of 0.6 percentage points. System traffic decreased
1.3 per cent on a capacity reduction of 0.5 per cent system wide.
"Air Canada recorded a load factor of 79.6 per cent on a consolidated
basis with Jazz in October," said Calin Rovinescu, President and Chief
Executive Officer. "This result is close to last year's record load factor for
the same month and underscores our continued disciplined approach to managing
capacity. In this difficult economic environment, our ongoing stable load
factor is also a reflection of our employees' hard work providing a level of
service that is earning our customers' loyalty."
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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October Year-To-Date
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2009 2008 Change 2009 2008 Change
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Traffic
(RPMs mln) 3,850 3,900 -1.3% 40,849 43,573 -6.3%
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Capacity
(ASMs mln) 4,835 4,860 -0.5% 50,338 53,363 -5.7%
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Load Factor 79.6% 80.2% -0.6 pts 81.1% 81.7% -0.6 pts
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RPMs 1,258 1,281 -1.8% 13,243 13,889 -4.7%
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Canada ASMs 1,563 1,593 -1.9% 16,533 17,287 -4.4%
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LF 80.5% 80.4% +0.1pts 80.1% 80.3% -0.2 pts
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RPMs 534 576 -7.3% 6,060 6,779 -10.6%
US ----------------------------------------------------------------
Trans- ASMs 731 755 -3.2% 8,033 8,818 -8.9%
border ----------------------------------------------------------------
LF 73.1% 76.3% -3.2 pts 75.4% 76.9% -1.5 pts
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RPMs 1,046 1,007 +3.9% 10,809 10,908 -0.9%
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Atlantic ASMs 1,296 1,220 +6.2% 12,823 12,753 +0.5%
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LF 80.7% 82.5% -1.8 pts 84.3% 85.5% -1.2 pts
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RPMs 671 725 -7.4% 6,350 7,476 -15.1%
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Pacific ASMs 797 860 -7.3% 7,431 8,890 -16.4%
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LF 84.2% 84.3% -0.1 pts 85.5% 84.1% +1.4 pts
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RPMs 341 311 +9.6% 4,387 4,521 -3.0%
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Amer & ASMs 448 432 +3.7% 5,518 5,615 -1.7%
Other ----------------------------------------------------------------
LF 76.1% 72.0% +4.1 pts 79.5% 80.5% -1.0 pts
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