May 5, 2017 / 11:03 AM / 6 months ago

BRIEF-Air Canada Q1 adjusted loss per share c$0.32

May 5 (Reuters) - Air Canada

* Air canada reports first quarter 2017 results

* Q1 loss per share c$0.14

* Air canada - qtrly operating revenues c$3,642 million versus c$ 3,343 million

* Q1 adjusted loss per share c$0.32

* Air canada qtrly casm 16.1 cents versus 16.1 cents

* Air canada qtrly adjusted casm 11.6 cents versus 12.3 cents

* Air canada - air canada continues to expect positive free cash flow in range of $200 million to $500 million for 2017

* Q1 earnings per share view c$-0.61 -- Thomson Reuters I/B/E/S

* Q1 revenue view c$3.60 billion -- Thomson Reuters I/B/E/S

* Air canada - air canada now expects aircraft maintenance expense to increase by approximately $110 million for 2017 from full year 2016

* Air canada - “we have a positive outlook on year as we see improvements in domestic canada, u.s. Transborder and atlantic markets”

* Air canada - air canada continues to expect to achieve its ebitdar margin target of 15-18 per cent for full year 2017

* Air canada sees pacific market stabilizing towards second half of year

* Air canada - capacity growth, driven by wide-body fleet expansion, will begin to slow in 2018

* Air canada - air canada on track to reducing casm by 21 per cent, excluding impact of foreign exchange and fuel prices, by end of 2018

* Air canada - qtrly passenger revenue per rpm (“yield”) 16.5 canadian cents versus 17.4 canadian cents

* Air canada - for q2 of 2017, air canada expects adjusted casm to decrease 1.5 to 2.5 per cent when compared to q2 of 2016

* Air canada - for full year 2017, air canada now expects adjusted casm to decrease 3.0 to 5.0 per cent compared to full year 2016

* Air canada - qtrly passenger revenue per asm (“prasm”) 13.2 canadian cents versus 14.1 canadian cents Source text for Eikon: Further company coverage:

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