Air Canada 2009 Annual Report Download - page 26

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2009 Air Canada Annual Report
26
The table below describes year-over-year percentage changes in U.S. transborder passenger revenues, capacity, traffi c,
passenger load factor, yield and RASM by quarter and for the full year.
2009 versus 2008 (% change)
U.S. transborder Q1 Q2 Q3 Q4 Full Year
Passenger Revenue (17.2) (14.4) (13.1) (3.7) (12.5)
Capacity (ASMs) (13.7) (4.7) (8.8) (1.8) (7.7)
Traffi c (RPMs) (14.4) (9.5) (8.0) (5.0) (9.6)
Passenger Load Factor (pp Change) (0.7) (3.9) 0.7 (2.5) (1.6)
Yield (3.4) (5.4) (5.4) 1.4 (3.2)
RASM (4.1) (10.2) (4.6) (1.9) (5.1)
Atlantic passenger revenues decreased 8.6% from 2008
Atlantic passenger revenues of $1,721 million in 2009 decreased $162 million or 8.6% from 2008 due to a lower yield and,
to a lesser extent, a decrease in traffi c. In 2009, Atlantic capacity increased 1.4% from 2008. Capacity was increased on all
major Atlantic services with the exception of the U.K. and the Tel Aviv markets where capacity was reduced year-over-year.
Components of the year-over-year change in Atlantic passenger revenues included:
• A traffi c decrease of 0.6% on a capacity growth of 1.4%, which resulted in a passenger load factor decrease of
1.7 percentage points from 2008.
• A yield decline of 8.0% from 2008, which refl ected the continued weak economic environment and increased fare
discounting to stimulate traffi c. The premium cabin refl ected a signifi cant yield decrease as pricing actions were
taken to offer additional discounted Executive First fares and products in an effort to stimulate premium traffi c. Yield
declines were refl ected on all major Atlantic services.
• A weaker Canadian dollar in 2009 versus 2008, which had a positive impact on foreign currency denominated
revenues of $23 million in 2009.
• A RASM decrease of 9.9% from 2008, which was due to both the lower yield and the decrease in passenger
load factor.
The table below describes year-over-year percentage changes in Atlantic passenger revenues, capacity, traffi c, passenger
load factor, yield and RASM by quarter and for the full year.
2009 versus 2008 (% change)
Atlantic Q1 Q2 Q3 Q4 Full Year
Passenger Revenue (12.7) (11.1) (6.7) (4.8) (8.6)
Capacity (ASMs) (9.7) (0.1) 6.8 6.7 1.4
Traffi c (RPMs) (12.9) (1.6) 5.9 2.4 (0.6)
Passenger Load Factor (pp Change) (2.7) (1.3) (0.8) (3.3) (1.7)
Yield 0.1 (9.7) (11.8) (7.0) (8.0)
RASM (3.4) (11.0) (12.6) (10.8) (9.9)