Air Canada reports USD7.6m in new loyalty programme startup costs

    Air Canada stated (27-Jul-2018) it expects adjusted CASM to increase 2.0% to 3.0 year-on-year in 3Q2018. The airline continues to expect FY2018 adjusted CASM to range between a decrease of 0.5% to an increase of 1.0% year-on-year, driven by non-recurring costs for branding initiatives and new uniforms, customer service and technology investments, as well as accelerated depreciation and sale-leaseback rent expense for Embraer 190 aircraft. The carrier also reported 2018 startup costs of approximately CAD10 million (USD7.6 million) related to Air Canada‘s new loyalty programme scheduled to launch in 2020. [more – original PR]