Air Canada reports nineteenth consecutive month of record load factors for October on 4.7% capacity growth

Nov 4, 2005

System passenger load factor at 77.9% - highest ever for October - Domestic passenger load factor at 81.6% - highest ever for October

Air Canada reported a system load factor of 77.9 per cent in October 2005. The mainline carrier flew 4.9 per cent more revenue passenger miles (RPMs) in October 2005 than in October 2004, according to preliminary traffic figures. Overall, capacity increased by 4.7 per cent, resulting in a load factor of 77.9 per cent, compared to 77.7 per cent in October 2004; an increase of 0.2 percentage points. In the domestic market, capacity decreased by 5.4 per cent and traffic decreased by 3.6 per cent resulting in a domestic load factor of 81.6 per cent - a 1.5 percentage point increase year over year.

Jazz, ACE's regional subsidiary, flew 77.8 per cent more revenue passenger miles in October 2005 than in October 2004, according to preliminary traffic figures. Capacity increased by 79.9 per cent, resulting in a load factor of 71.5 per cent, compared to 72.4 per cent in October 2004; a decrease of 0.9 percentage points.

North American traffic, on a combined basis for Air Canada and ACE's regional carrier, Jazz, rose 7.9 per cent.

"In October, for the nineteenth consecutive month, Air Canada once again achieved record load factors even as we continued to add capacity with the arrival of new aircraft in our North American fleet," said Montie Brewer, President and Chief Executive Officer. "This is a true indication of consumers' preference for the Air Canada product. I'm particularly proud of our employees who continue to earn the loyalty of our customers, and once again met on-time performance goals for the month."

This discussion contains certain forward-looking statements, which involve a number of risks and uncertainties. As a result of many factors including acts or potential acts of terrorism, international conflicts, government regulations and government mandated restrictions on operations and pricing, fuel prices, industry restructuring, labour negotiations, the economic environment in general including foreign exchange and interest rates, the airline competitive and pricing environment, industry capacity decisions and new entrants as well as external events, actual results could differ from expected results and the differences could be material.

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