|Air Canada - AC.t is the flag carrier and largest airline in Canada. The airline, founded in 1936, provides scheduled and charter air transport for over 38 million passengers annually and provides direct passenger service to more than 190 destinations on five continents.|
It is the world's ninth-largest passenger airline by number of destinations. Air Canada had passenger revenues of $13.8 billion in 2015.
Air Canada Reports Second Quarter 2016 Results
•Record second quarter EBITDAR of $605 million
•Operating income of $277 million
•Air Canada continues to expect full year 2016 EBITDAR to increase 4 to 8 per cent from record full year 2015 EBITDAR
MONTRÉAL, July 29, 2016 /CNW Telbec/ - Air Canada today reported record second quarter 2016 EBITDAR(1) (earnings before interest, taxes, depreciation, amortization and aircraft rent) of $605 million compared to the previous record EBITDAR of $591 million in the same quarter in 2015. EBITDAR in the second quarter of 2015 included a special item which improved EBITDAR by $23 million. Air Canada recorded adjusted net income(1) of $203 million or $0.72 per diluted share compared to adjusted net income of $250 million or $0.85 per diluted share in the second quarter of 2015. On a GAAP basis, Air Canada reported net income of $186 million or $0.66 per diluted share in the second quarter of 2016 compared to net income of $296 million or $1.00 per diluted share in the second quarter of 2015.