Air Canada 2012 Annual Report Download - page 30

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2012 Air Canada Annual Report
30
Other passenger revenues decreased 0.7% from the fourth quarter of 2011
In the fourth quarter of 2012, Other passenger revenues (comprised of routes to Australia, the Caribbean, Mexico and Central
and South America) of $212 million decreased $2 million or 0.7% from the fourth quarter of 2011 due to a yield decline of
3.6% as traffic increased 2.6% year-over-year.
The table below provides year-over-year percentage changes in Other passenger revenues and operating statistics for the
fourth quarter 2012 and each of the previous four quarters.
Other Year-over-Year by Quarter (% Change)
Q4'11 Q1'12 Q2'12 Q3'12 Q4'12
Passenger revenues 11.1 11.1 0.4 1.7 (0.7)
Capacity (ASMs) 4.6 1.7 (3.2) 3.9 3.1
Traffic (RPMs) 4.9 3.7 (3.5) 5.2 2.6
Passenger load factor
(pp change) 0.2 1.6 (0.2) 1.1 (0.4)
Yield 5.7 6.3 3.6 (3.8) (3.6)
RASM 5.9 8.4 3.3 (2.6) (4.1)
In the fourth quarter of 2012, the 3.1% capacity increase was driven by capacity growth on services to South America,
including Bogotá, Caracas, Lima and Sao Paolo, as well as an increase in frequencies on Air Canada’s service to Sydney,
Australia.
Components of the year-over-year change in fourth quarter Other passenger revenues included:
The overall 2.6% traffic increase which reflected traffic growth on services to South America, Sydney, Australia, and to
traditional leisure destinations.
The overall 3.6% yield decrease which reflected the impact of increased industry capacity and competitive pricing
activities on services to South America and to traditional leisure destinations.
The overall 4.1% RASM decline was mainly due to the lower yield.
Cargo revenues increased 1.3% from the fourth quarter of 2011
In the fourth quarter of 2012, cargo revenues of $126 million increased $1 million or 1.3% from the fourth quarter of 2011
due to an increase in traffic of 5.1% partly offset by a lower yield of 3.6%.
The table below provides cargo revenue by geographic region for the fourth quarter of 2012 and the fourth quarter of 2011.
Cargo Revenue Fourth Quarter 2012
$ Million
Fourth Quarter 2011
$ Million $ Change % Change
Canada 17 16 1 6.4
U.S. transborder 4 5 (1) 3.4
Atlantic 44 47 (3) (7.8)
Pacific 43 40 3 10.0
Other 18 17 1 1.8
System 126 125 1 1.3