: Air Canada Releases First Quarter Results Reflecting Significant Improvement

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If anyone interested in AC first quarter please email me , it is a very
long post , below is some highlights..


>
>Air Canada Releases First Quarter Results Reflecting Significant Improvement
>
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>     Q1 HIGHLIGHTS
>     -   Operating loss of $160 million, a $133 million improvement from Q1,
>        2001.
>     -   7 per cent reduction to flying capacity, 1 per cent reduction to
>        passenger traffic.
>     -   Aircraft flying hours down 13 per cent.
>     -   Load factor up 4.2 percentage points.
>     -   Yield per ASM up 1 per cent.
>     -   Unit cost per ASM down 1 per cent, down 3 per cent excluding 2001
>        salary accrual reversals.
>     -   Cash flows used for operations of $29 million, a $387 million
>        improvement from Q1, 2001.
>     -   Cash and cash equivalents of $924 million at March 31, 2002.
>     -   Positive operating income in March 2002 - first positive month since
>        September 11, 2001.


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