Air Canada remains profitable
August 08, 2005
has continued its impressive return to
profitability with the announcement of a second
quarter net income of A$179.5 million.
from the same period last year showed a stark contrast,
as a net loss of A$544 million was reported at
the time, however the figure included costs associated
with restructuring and reorganisation at that time.
latest results show an increase of A$165.4 million
in operating income over the second quarter of
2004, despite surging fuel prices increasing by
42 per cent over the period.
on the rise is the airline's operating revenue
up $253million, or 11 per cent, representing a
significant increase in passenger revenues.
continuing profitability of Air Canada is proof
positive of the benefits of the massive restructuring
of the airline, as uncomfortable as it may have
been at the time,” said Ms Foster.
Canada now has one of the strongest balance sheets
in the airline industry.
forward, the revenue picture is expected to continue
to strengthen as we increase capacity
in North American markets with large, new regional
increasing yields and record traffic achieved throughout
the quarter reflect a healthier
market environment, not only in Canada but around
the world, combined with a very positive customer
response to the enhanced Air Canada
carrier is expecting the strong revenue to continue
into the last six months of its financial year.
FlyForLess is not affiliated with any media companies nor does it represent or work for Air Canada. This article is published with the sole purpose of making information available for those who wish to stay informed on Air Canada's actualities.