Air Canada December load factor reaches 82.6%.
M2 EQUITYBITES-January 7, 2015-Air Canada December load factor reaches 82.6%
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For the month of December 2014, Air Canada reported a near record system load factor of 82.6 per cent, its second highest system load factor ever on a system-wide capacity increase of 8.5 per cent, versus a load factor of 82.7 per cent in December 2013.
On this additional capacity, system wide traffic for December increased 8.3 per cent. For the full year 2014, load factor was a record 83.4 per cent, versus 82.8 per cent in 2013, an increase 0.6 percentage points. Air Canada reports traffic results on a system-wide basis, including Air Canada rougeTM, which began operations on July 1, 2013, and regional airlines from which Air Canada purchases capacity.
While Air Canada's traffic and load factor at Billy Bishop Toronto City Airport increased in 2014 over the previous year, as part of its continuing cost transformation initiatives, Air Canada is assessing the viability of Billy Bishop operations based on current imposed terminal rates and terms.
Air Canada serves more than 180 destinations on five continents. It provides scheduled passenger service directly to 61 Canadian cities, 50 destinations in the United States and 77 cities in Europe, the Middle East, Asia, Australia, the Caribbean, Mexico and South America. For more information, visit: www.aircanada.com.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 7, 2015|
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