Tuesday, August 1, 2017

Air Canada - AC.t

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.

On August 1, 2017 the company released Numbers

  • Operating income of $281 million and record EBITDAR of $670 million
  • Record operating revenues of $3.910 billion and unrestricted liquidity of $4.493 billion
MONTRÉAL, Aug. 1, 2017 /CNW Telbec/ - Air Canada today reported record second quarter 2017 EBITDAR(1) (earnings before interest, taxes, depreciation, amortization, impairment and aircraft rent) of $670 million compared to the previous record second quarter 2016 EBITDAR of $605 million, an increase of $65 million and consistent with the forecast in Air Canada's July 6th, 2017 news release.  The airline recorded a second quarter EBITDAR margin of 17.1 per cent.  On a GAAP basis, Air Canada reported second quarter operating income of $281 million versus operating income of $277 million in the second quarter of 2016.