May 11, 2017 / 8:58 AM / in 7 months

BRIEF-Aimia qtrly EPS C$0.04

May 11 (Reuters) - Aimia Inc

* Aimia reports first quarter 2017 results and updates on status of discussions with Air Canada

* Reconfirmed 2017 guidance

* Qtrly total revenue C$524.8 million versus C$570.1 million

* Qtrly earnings per share $0.04

* Recent discussions lead Aimia to belief that Air Canada does not currently intend to renew aeroplan partnership expiring in June 2020

* Exploring post-2020 alternatives

* Rupert Duchesne to retire, with interim group chief executive David Johnston to assume role permanently

* Newly adopted dividend policy targets future dividend payout ratio linked to cashflow generation

* Says material reduction in capital expenditures is also planned for 2018

* Aimia says also reviewing business units and investments on basis of their medium-term ROIC contribution; this may lead to further asset sales

* All figures in C$ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below