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Company News

BRIEF-Air Canada establishes new targets for 2018-2020 and provides update on its loyalty business

Sept 19 (Reuters) - Air Canada

* Air Canada establishes new targets for 2018-2020 and provides update on its loyalty business

* Air Canada sees annual EBITDAR margin of 17 to 20 per cent for 2018-2020

* Air Canada sees cumulative free cash flow of $2.0 billion to $3.0 billion for 2018-2020

* Air Canada - sees annual roic of 13 to 16 per cent for 2018-2020

* Air Canada - expect net present value of loyalty program over a 15-year period to range between $2.0 billion and $2.5 billion

* Air Canada - anticipate realizing benefits from investments in new technology, including a new passenger services system scheduled to deploy in 2019

* Air Canada - co is initiating request for proposal (RFP) for a co-branded credit card partner Source text for Eikon: Further company coverage:

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