Air Canada posts US$650m 2016 net profit
Air Canada reported C$876m (US$650.3m) net profit for 2016, nearly tripling the airline’s $308m net profit in 2015. The airline’s full-year consolidated operating revenue was $14.7b, up 5.8% over $13.9b in 2015; operating expenses totaled $13.3b, up 7.8% from $12.4b in 2015. Operating income for the year totaled $1.3b, down 10.1% from $1.5b in 2015. Excluding special items, the company’s full-year EBITDAR totaled $2.8b, up 8.9% over 2015. Air Canada’s full-year operating margin was 9.2%, down 1.6 points from 2015, and its full-year ROIC was 14.7%, compared to 18.3% in 2015. Full-year passenger traffic grew 13.2% to 76.5b RPMs as capacity increased 14.7% to 92.7b ASMs, producing a full-year passenger load factor of 82.5%, down one point from 2015. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-20/star/air-canada-posts-us-650m-2016-net-profit
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Air Canada posts US$650m 2016 net profit
Air Canada reported C$876m (US$650.3m) net profit for 2016, nearly tripling the airline’s $308m net profit in 2015. The airline’s full-year consolidated operating revenue was $14.7b, up 5.8% over $13.9b in 2015; operating expenses totaled $13.3b, up 7.8% from $12.4b in 2015. Operating income for the year totaled $1.3b, down 10.1% from $1.5b in 2015. Excluding special items, the company’s full-year EBITDAR totaled $2.8b, up 8.9% over 2015. Air Canada’s full-year operating margin was 9.2%, down 1.6 points from 2015, and its full-year ROIC was 14.7%, compared to 18.3% in 2015. Full-year passenger traffic grew 13.2% to 76.5b RPMs as capacity increased 14.7% to 92.7b ASMs, producing a full-year passenger load factor of 82.5%, down one point from 2015. <br/>
