Air Canada reports 75% Q3 profit jump
Air Canada posted a 75.7% jump in net income to C$768m for Q3, on higher traffic and lower costs. Operating revenue in the quarter to end September was C$4.45b, a 10.6% increase from last year. Capacity (in available seat miles) was up 20.9% and traffic (in revenue passenger miles) up 18.9%. Corresponding load factor was down 1.5 percentage points at 85.5%. Unit cost per available seat mile fell 8.3% on lower fuel costs. Air Canada saw a 13.7% increase in passenger numbers, with a 27.9% jump in international-to-international connections as it added over 20 international and US trans-border routes.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-08/star/air-canada-reports-75-q3-profit-jump
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Air Canada reports 75% Q3 profit jump
Air Canada posted a 75.7% jump in net income to C$768m for Q3, on higher traffic and lower costs. Operating revenue in the quarter to end September was C$4.45b, a 10.6% increase from last year. Capacity (in available seat miles) was up 20.9% and traffic (in revenue passenger miles) up 18.9%. Corresponding load factor was down 1.5 percentage points at 85.5%. Unit cost per available seat mile fell 8.3% on lower fuel costs. Air Canada saw a 13.7% increase in passenger numbers, with a 27.9% jump in international-to-international connections as it added over 20 international and US trans-border routes.<br/>
