Air Canada March Reports March Traffic -- Its Up 1%
Apr 5, 2002, 2:54 pm
#1
Original Poster
Join Date: Feb 2000
Location: Winnipeg, MB, CANADA
Posts: 504
Air Canada March Reports March Traffic -- Its Up 1%
Friday April 5, 2:59 pm Eastern Time
Press Release
SOURCE: Air Canada; Air Canada - Corporate - Financial
Air Canada Reports March Traffic
MONTREAL, April 5 /CNW/ - Air Canada flew 1.0 per cent more revenue passenger miles (RPMs) in March 2002 than in March 2001, according to preliminary traffic figures. Capacity declined by 0.6 per cent, resulting in a load factor of 78.1 per cent, compared to 76.9 per cent in March 2001; an improvement of 1.2 percentage points.
Both domestic and U.S. transborder traffic remained essentially unchanged with Canada up slightly and U.S. down less than one per cent. Air Canada's March system load factor is the highest March figure in the company's history.
"While March system available seat mile (ASM) capacity was only down slightly from last year, aircraft hours flown measured as block hours were reduced by 8.4 per cent for the month," said Rob Peterson, Executive Vice President and Chief Financial Officer. "For the quarter, aircraft hours flown were 12.1 per cent below last year's level. The improvement in block hours in comparison to ASMs reflects efficiencies achieved through our fleet renewal program, a part of which involved the removal of older, smaller DC-9 and 737 aircraft. Another contributing factor is our seat reconfiguration program, in which we reduced some Business Class capacity to add economy seating while maintaining the Canadian industry's most comfortable seating pitch standards. These actions together allow Air Canada to carry more people with less flying at significant savings in cost. These savings together with the continued modest year-over-year increase in revenue per available seat mile (RASM) should result in an improvement over last year in first quarter 2002 operating results."
This discussion contains certain forward-looking statements, which involve a number of risks and uncertainties. As a result of many factors including acts or potential acts of terrorism, government regulations and government mandated restrictions on operations and pricing, fuel prices, industry restructuring, labour negotiations, the economic environment in general including foreign exchange and interest rates, the airline competitive and pricing environment, industry capacity decisions and new entrants as well as external events, actual results could differ from expected results and the differences could be material.
__________________________________________________ _______________________
AIR CANADA MAINLINE
__________________________________________________ _______________________
MARCH YEAR-TO-DATE
__________________________________________________ _
2002 2001 Change 2002 2001 Change
__________________________________________________ _______________________
Traffic
(RPMs millions) 3,549 3,515 +1.0% 9,853 9,765 +0.9%
__________________________________________________ _______________________
Capacity
(ASMs millions) 4,544 4,570 -0.6% 12,970 13,691 -5.3%
__________________________________________________ _______________________
Load Factor 78.1% 76.9% +1.2 pts 76.0% 71.3% +4.7 pts
__________________________________________________ _______________________
__________________________________________________ _______________________
RPMs 1,034 1,029 +0.5% 2,952 2,900 +1.8%
__________________________________________________ _____________
Canada ASMs 1,361 1,335 +1.9% 3,877 3,972 -2.4%
__________________________________________________ _____________
Load Factor 76.0% 77.1% -1.1 pts 76.1% 73.0% +3.1 pts
__________________________________________________ _____________
__________________________________________________ _______________________
__________________________________________________ _______________________
U.S. RPMs 779 786 -0.9% 2,171 2,195 -1.1%
__________________________________________________ _____________
Trans- ASMs 1,129 1,089 +3.7% 3,206 3,212 -0.2%
border __________________________________________________ _____________
Load Factor 69.0% 72.2% -3.2 pts 67.7% 68.3% -0.6 pts
__________________________________________________ _____________
__________________________________________________ _______________________
__________________________________________________ _______________________
RPMs 847 872 -2.9% 2,243 2,281 -1.7%
__________________________________________________ _____________
Atlantic ASMs 943 1,072 -12.0% 2,751 3,155 -12.8%
__________________________________________________ _____________
Load Factor 89.8% 81.3% +8.5 pts 81.5% 72.3% +9.2 pts
__________________________________________________ _______________________
__________________________________________________ _______________________
RPMs 590 609 -3.1% 1,607 1,757 -8.5%
__________________________________________________ _____________
Pacific ASMs 694 768 -9.6% 1,936 2,477 -21.8%
__________________________________________________ _____________
Load Factor 85.0% 79.3% +5.7 pts 83.0% 70.9% +12.1 pts
__________________________________________________ _______________________
__________________________________________________ _______________________
Other RPMs 299 219 +36.5% 880 632 +39.2%
__________________________________________________ _____________
& ASMs 417 306 +36.3% 1,200 875 +37.1%
__________________________________________________ _____________
Charter Load Factor 71.7% 71.6% +0.1 pts 73.3% 72.2% +1.1 pts
__________________________________________________ _______________________
For further information
Nicole Couture-Simard (Montral), (514) 422-5788
Laura Cooke (Toronto), (416) 263-5576
Angela Mah (Vancouver), (604) 643-5660
Internet: www.aircanada.ca
http://biz.yahoo.com/cnw/020405/a_ai..._report_1.html
Press Release
SOURCE: Air Canada; Air Canada - Corporate - Financial
Air Canada Reports March Traffic
MONTREAL, April 5 /CNW/ - Air Canada flew 1.0 per cent more revenue passenger miles (RPMs) in March 2002 than in March 2001, according to preliminary traffic figures. Capacity declined by 0.6 per cent, resulting in a load factor of 78.1 per cent, compared to 76.9 per cent in March 2001; an improvement of 1.2 percentage points.
Both domestic and U.S. transborder traffic remained essentially unchanged with Canada up slightly and U.S. down less than one per cent. Air Canada's March system load factor is the highest March figure in the company's history.
"While March system available seat mile (ASM) capacity was only down slightly from last year, aircraft hours flown measured as block hours were reduced by 8.4 per cent for the month," said Rob Peterson, Executive Vice President and Chief Financial Officer. "For the quarter, aircraft hours flown were 12.1 per cent below last year's level. The improvement in block hours in comparison to ASMs reflects efficiencies achieved through our fleet renewal program, a part of which involved the removal of older, smaller DC-9 and 737 aircraft. Another contributing factor is our seat reconfiguration program, in which we reduced some Business Class capacity to add economy seating while maintaining the Canadian industry's most comfortable seating pitch standards. These actions together allow Air Canada to carry more people with less flying at significant savings in cost. These savings together with the continued modest year-over-year increase in revenue per available seat mile (RASM) should result in an improvement over last year in first quarter 2002 operating results."
This discussion contains certain forward-looking statements, which involve a number of risks and uncertainties. As a result of many factors including acts or potential acts of terrorism, government regulations and government mandated restrictions on operations and pricing, fuel prices, industry restructuring, labour negotiations, the economic environment in general including foreign exchange and interest rates, the airline competitive and pricing environment, industry capacity decisions and new entrants as well as external events, actual results could differ from expected results and the differences could be material.
__________________________________________________ _______________________
AIR CANADA MAINLINE
__________________________________________________ _______________________
MARCH YEAR-TO-DATE
__________________________________________________ _
2002 2001 Change 2002 2001 Change
__________________________________________________ _______________________
Traffic
(RPMs millions) 3,549 3,515 +1.0% 9,853 9,765 +0.9%
__________________________________________________ _______________________
Capacity
(ASMs millions) 4,544 4,570 -0.6% 12,970 13,691 -5.3%
__________________________________________________ _______________________
Load Factor 78.1% 76.9% +1.2 pts 76.0% 71.3% +4.7 pts
__________________________________________________ _______________________
__________________________________________________ _______________________
RPMs 1,034 1,029 +0.5% 2,952 2,900 +1.8%
__________________________________________________ _____________
Canada ASMs 1,361 1,335 +1.9% 3,877 3,972 -2.4%
__________________________________________________ _____________
Load Factor 76.0% 77.1% -1.1 pts 76.1% 73.0% +3.1 pts
__________________________________________________ _____________
__________________________________________________ _______________________
__________________________________________________ _______________________
U.S. RPMs 779 786 -0.9% 2,171 2,195 -1.1%
__________________________________________________ _____________
Trans- ASMs 1,129 1,089 +3.7% 3,206 3,212 -0.2%
border __________________________________________________ _____________
Load Factor 69.0% 72.2% -3.2 pts 67.7% 68.3% -0.6 pts
__________________________________________________ _____________
__________________________________________________ _______________________
__________________________________________________ _______________________
RPMs 847 872 -2.9% 2,243 2,281 -1.7%
__________________________________________________ _____________
Atlantic ASMs 943 1,072 -12.0% 2,751 3,155 -12.8%
__________________________________________________ _____________
Load Factor 89.8% 81.3% +8.5 pts 81.5% 72.3% +9.2 pts
__________________________________________________ _______________________
__________________________________________________ _______________________
RPMs 590 609 -3.1% 1,607 1,757 -8.5%
__________________________________________________ _____________
Pacific ASMs 694 768 -9.6% 1,936 2,477 -21.8%
__________________________________________________ _____________
Load Factor 85.0% 79.3% +5.7 pts 83.0% 70.9% +12.1 pts
__________________________________________________ _______________________
__________________________________________________ _______________________
Other RPMs 299 219 +36.5% 880 632 +39.2%
__________________________________________________ _____________
& ASMs 417 306 +36.3% 1,200 875 +37.1%
__________________________________________________ _____________
Charter Load Factor 71.7% 71.6% +0.1 pts 73.3% 72.2% +1.1 pts
__________________________________________________ _______________________
For further information
Nicole Couture-Simard (Montral), (514) 422-5788
Laura Cooke (Toronto), (416) 263-5576
Angela Mah (Vancouver), (604) 643-5660
Internet: www.aircanada.ca
http://biz.yahoo.com/cnw/020405/a_ai..._report_1.html
Apr 5, 2002, 4:52 pm
#4
Original Poster
Join Date: Feb 2000
Location: Winnipeg, MB, CANADA
Posts: 504
AC should release its 1st Quarter 2002
Earnings withing the next +/- 30 days. The earnings picture should give us a better explanation on how AC is really doing.
Note: When was the last time AC or any other major airline had load factors in the 80% range on Transoceanic routes? and in the 1st Quarter?
Earnings withing the next +/- 30 days. The earnings picture should give us a better explanation on how AC is really doing.
Note: When was the last time AC or any other major airline had load factors in the 80% range on Transoceanic routes? and in the 1st Quarter?
Apr 6, 2002, 8:06 am
#5
Join Date: Apr 2000
Posts: 3,130
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by cslusarc:
Another contributing factor is our seat reconfiguration program, in which we reduced some Business Class capacity to add economy seating while maintaining the Canadian industry's most comfortable seating pitch standards.</font>
Another contributing factor is our seat reconfiguration program, in which we reduced some Business Class capacity to add economy seating while maintaining the Canadian industry's most comfortable seating pitch standards.</font>
My feeling is they have pushed the load factors up by chronic overbooking on certain routes and are selling a lot more low fare tickets right now. I have only seen one full J cabin in my (admittedly somewhat limited number of) AC flights in the past few months. Will be interesting to see the first quarter financial statement at the end of the month.