Air Canada trumpets strong Q3 results

Discussion in 'Air Canada | Aeroplan' started by tcook052, Nov 8, 2013.  |  Print Topic

  1. tcook052
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    tcook052 Silver Member

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    Air Canada boasted of its “best quarterly performance” in its history Friday as its adjusted third-quarter profit surged.

    The airline’s adjusted profit rose in the quarter to $365-million or $1.29 a share, from $229-million or 82 cents a year earlier.

    Net profit, though, slipped to $299-million or $1.05 a share from $359-million or $1.28, the year-earlier results hit by a one-off expense.

    “I am extremely pleased to report Air Canada’s best quarterly performance in the Corporation’s history, surpassing previous records for adjusted net income and EBITDAR,” chief executive officer Calin Rovinescu said as he unveiled the results.

    Traffic at the airline grew 3 per cent.

    Costs per average seat mile, which excludes the cost of fuel, some costs at the company’s vacation division and unusual items, fell 3.4 per cent.

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