Air Canada reports double digit profit declines in 3Q2018

    Air Canada reported (31-Oct-2018) the following financial highlights for the three months ended 30-Sep-2018:

    • Operating revenue: CAD5415 million (USD4143 million), +11.0% year-on-year;
      • Passenger: CAD5018 million (USD3839 million), +11.2%;
      • Cargo: CAD218 million (USD166.8 million), +12.4%;
    • Operating costs: CAD4575 million (USD3500 million), +17.2%;
      • Fuel: CAD1222 million (USD934.9 million), +46.9%;
      • Labour: CAD743 million (USD568.4 million), +7.7%;
    • Operating profit: CAD840 million (USD642.6 million), -13.9%;
    • Net profit: CAD645 million (USD493.4 million), -62.6%;
    • Passengers: 14.8 million, +5.8%;
    • Passenger yield: CAD 17.6 cents (USD 13.5 cents), +3.4%;
    • Passenger revenue per ASM: CAD 15.1 cents (USD 11.6 cents), +4.2%;
    • Operating revenue per ASM: CAD 16.3 cents (USD 12.5 cents), +4.0%;
    • Operating cost per ASM: CAD 13.8 cents (USD 10.6 cents), +9.8%;
    • Average stage length: 1844 miles, +1.3%;
    • Total assets: CAD19,777 million (USD15,130 million);
    • Cash, cash equivalents and short term investments: CAD4922 million (USD3766 million);
    • Total liabilities: CAD15,227 million (USD11,649 million). [more – original PR]

    *Based on the average conversion rate at CAD1 = USD0.765035