April 3, 2014 / 11:30 PM / 4 years ago

Air Canada forecasts higher Q1 earnings as traffic rises

April 3 (Reuters) - Air Canada on Thursday said it expects higher first-quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR) due to system-wide traffic growth and capacity increase.

The airline on Feb. 12 said it expected EBITDAR to fall by between C$15 million ($13.6 million) and C$30 million from a year earlier, when it earned C$145 million.

The company now expects first-quarter earnings to be in line with last year’s level.

The company also reported a higher revenue per available seat mile (RASM), as well as a better expense per available seat mile (CASM). (Reporting by Shubhankar Chakravorty in Bangalore; Editing by Eric Walsh)

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