AC - Third Quarter 2011 results

Discussion in 'Air Canada | Aeroplan' started by ACMM, Nov 4, 2011.  |  Print Topic

  1. ACMM
    Original Member

    ACMM Gold Member

    Messages:
    26,003
    Likes Received:
    113,952
    Status Points:
    20,030
    ACMM, Nov 4, 2011
    #1
    Chimpy likes this.
  2. ACMM
    Original Member

    ACMM Gold Member

    Messages:
    26,003
    Likes Received:
    113,952
    Status Points:
    20,030
    ACMM, Nov 4, 2011
    #2
    Chimpy likes this.
  3. QSG
    Original Member

    QSG Gold Member

    Messages:
    1,837
    Likes Received:
    2,072
    Status Points:
    1,280
    They lost -281 million on FOREX !:eek:
     
    QSG, Nov 6, 2011
    #3
  4. tomh009
    Original Member

    tomh009 Gold Member

    Messages:
    2,280
    Likes Received:
    1,852
    Status Points:
    1,230
    Basically a lot of their costs are is USD, but most of the revenues (and the accounting) in CAD. You'll always end up with forex gains or losses, just no one knows ahead of time which way the exchange rates are going to go. And they are way more volatile than they used to be.
     
    tomh009, Nov 6, 2011
    #4
    QSG likes this.
  5. milchap
    Original Member

    milchap Gold Member

    Messages:
    28,375
    Likes Received:
    149,578
    Status Points:
    20,030
    They did not make any money with me this year. ;)
     
    milchap, Nov 6, 2011
    #5
    QSG likes this.
  6. QSG
    Original Member

    QSG Gold Member

    Messages:
    1,837
    Likes Received:
    2,072
    Status Points:
    1,280
    And seemingly not with anyone else !
     
    QSG, Nov 6, 2011
    #6
    ACMM and milchap like this.
  7. QSG
    Original Member

    QSG Gold Member

    Messages:
    1,837
    Likes Received:
    2,072
    Status Points:
    1,280
    I read this somewhere else:
    "Much of AC's debt is in US dollars and at the end of every quarter it has to mark the value of the debt in Canadian dollars. So fuctuations in exchange rates will cause earnings to move up or down. Because this is a non-cash artificial charge, you should look at earnings before foreign exchange variations."
     
    QSG, Nov 6, 2011
    #7
    YULtide and tomh009 like this.
  8. En-Route
    Original Member

    En-Route Silver Member

    Messages:
    267
    Likes Received:
    167
    Status Points:
    480
    Could disruptions by labour play into lost revenues and worsening bottom line?
     
    En-Route, Nov 6, 2011
    #8
    YULtide and ACMM like this.
  9. ACMM
    Original Member

    ACMM Gold Member

    Messages:
    26,003
    Likes Received:
    113,952
    Status Points:
    20,030
    I am not an expert by any means but I think it would have to play into this. Concern by the traveling public choosing other carriers ... unsure how big an effect, but I am sure it must have some.
     
    ACMM, Nov 6, 2011
    #9
    YULtide likes this.

Share This Page