Air Canada Reports March Traffic
MONTREAL, April 9 /CNW Telbec/ - Air Canada mainline flew 10.1 per cent
fewer revenue passenger miles (RPMs) in March 2003 than in March 2002,
according to preliminary traffic figures. Capacity decreased by 5.5 per cent,
resulting in a load factor of 74.3 per cent, compared to 78.1 per cent in
March 2002; a decrease of 3.8 percentage points.
Jazz, Air Canada's regional airline subsidiary, flew 0.8 per cent more
revenue passenger miles (RPMs) in March 2003 than in March 2002, according to
preliminary traffic figures. Capacity decreased by 7.9 per cent, resulting in
a load factor of 60.2 per cent, compared to 55.0 per cent in March 2002; an
increase of 5.2 percentage points.
"While North American competitive conditions continue to be difficult,
the war in Iraq together with Severe Acute Respiratory Syndrome (SARS) have
further suppressed the demand for air travel, particularly internationally.
Current concern over the SARS outbreak in Toronto is having a material impact
on traffic levels to and through Toronto. The timing of Easter this year, in
April rather than March, also accounted for some of the year over year traffic
decline," said Rob Peterson, Executive Vice President and Chief Financial
Officer.
"To better match supply with demand we are reducing our system ASM
capacity by 12% in April and 16% in May," said Mr. Peterson.
This discussion contains certain forward-looking statements, which
involve a number of risks and uncertainties. As a result of many factors
including acts or potential acts of terrorism, international conflicts,
government regulations and government mandated restrictions on operations and
pricing, fuel prices, industry restructuring, labour negotiations, the
economic environment in general including foreign exchange and interest rates,
the airline competitive and pricing environment, industry capacity decisions
and new entrants as well as external events, actual results could differ from
expected results and the differences could be material.
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AIR CANADA MAINLINE (Includes Tango, Zip & Jetz)
_________________________________________________________________________
MARCH YEAR-TO-DATE
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2003 2002 Change 2003 2002 Change
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Traffic (RPMs
millions) 3,190 3,549 -10.1% 9,186 9,853 -6.8%
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Capacity (ASMs
millions) 4,293 4,544 -5.5% 12,626 12,970 -2.7%
_________________________________________________________________________
Load Factor 74.3% 78.1% -3.8pts 72.8% 76.0% -3.2pts
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Canada RPMs 907 1,034 -12.3% 2,596 2,952 -12.1%
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ASMs 1,262 1,361 -7.3% 3,644 3,877 -6.0%
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Load Factor 71.9% 76.0% -4.1pts 71.2% 76.1% -4.9pts
_________________________________________________________________________
_________________________________________________________________________
U.S.
Trans-
border RPMs 730 779 -6.3% 2,121 2,171 -2.3%
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ASMs 1,076 1,129 -4,7% 3,160 3,206 -1,4%
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Load Factor 67.8% 69.0% -1.2pts 67.1% 67.7% -0.6pts
_________________________________________________________________________
_________________________________________________________________________
Atlantic RPMs 771 847 -9.0% 2,125 2,243 -5.3%
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ASMs 927 943 -1.7% 2,747 2,751 -0.1%
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Load Factor 83.2% 89.8% -6.6pts 77.4% 81.5% -4.1pts
_________________________________________________________________________
_________________________________________________________________________
Pacific RPMs 484 590 -18.0% 1,411 1,607 -12.2%
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ASMs 638 694 -8.1% 1,861 1,936 -3.9%
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Load Factor 75.9% 85.0% -9.1pts 75.8% 83.0% -7.2pts
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_________________________________________________________________________
Other &
Charter RPMs 298 299 -0.3% 933 880 +6.0%
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ASMs 390 417 -6.5% 1,214 1,200 +1.2%
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Load Factor 76.4% 71.7% +4.7pts 76.9% 73.3% +3.6pts
_________________________________________________________________________
_________________________________________________________________________
AIR CANADA REGIONAL (Jazz)
_________________________________________________________________________
MARCH YEAR-TO-DATE
_________________________________________________________________________
2003 2002 Change 2003 2002 Change
_________________________________________________________________________
Traffic (RPMs
millions) 133 132 +0.8% 382 359 +6.4%
_________________________________________________________________________
Capacity (ASMs
millions) 221 240 -7.9% 650 666 -2.4%
_________________________________________________________________________
Load Factor 60.2% 55.0% +5.2pts 58.8% 53.9% +4.9pts
_________________________________________________________________________
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