Air Canada 2008 Annual Report Download - page 84

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2008 Air Canada Annual Report
84
21. GLOSSARY
AvailableSeatMilesorASMs — A measure of passenger capacity calculated by multiplying the total number of seats
available for passengers by the miles flown.
CASM — Operating expense per ASM.
EBITDAR — EBITDAR is earnings before interest, taxes, depreciation and amortization and aircraft rent and is a non-GAAP
financial measure commonly used in the airline industry to view operating results before aircraft rent and depreciation and
amortization as these costs can vary significantly among airlines due to differences in the way airlines finance their aircraft
and other assets. Refer to section 20 of this MD&A for additional information.
Passenger Load Factor — A measure of passenger capacity utilization derived by expressing Revenue Passenger Miles as a
percentage of Available Seat Miles.
PassengerRevenueperAvailableSeatMileorRASM — Average passenger revenue per ASM.
Revenue Passenger Miles or RPMs — A measure of passenger traffic calculated by multiplying the total number of
revenue passengers carried by the miles they are carried.
Yield — Average passenger revenue per RPM.