Air Canada 2012 Annual Report Download - page 31

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2012 Management’s Discussion and Analysis
31
The table below provides year-over-year percentage changes in system cargo revenues and operating statistics for the fourth
quarter 2012 and each of the previous four quarters.
System Year-over-Year by Quarter (% Change)
Q4'11 Q1'12 Q2'12 Q3'12 Q4'12
Cargo Revenues 1.2 5.0 3.0 (2.8) 1.3
Capacity (ETMs) 2.5 3.1 (0.1) (1.1) 1.2
Revenue per ETM (1.3) 2.8 2.4 (1.7) 0.1
Traffic (RTMs) (0.4) 5.0 5.3 4.5 5.1
Yield per RTM 1.6 1.3 (2.9) (6.9) (3.6)
The table below provides year-over-year percentage changes in cargo revenues and operating statistics for the fourth quarter
of 2012 versus the fourth quarter of 2011.
Fourth Quarter 2012
Versus
Fourth Quarter 2011
Cargo Revenue
% Change
Capacity
(ETMs)
% Change
Rev / ETM
% Change
Traffic
(RTMs)
% Change
Yield / RTM
% Change
Canada 6.4 (1.5) 7.9 10.8 (4.0)
U.S. transborder 3.4 0.1 3.3 1.3 2.0
Atlantic (7.8) 0.2 (8.0) (0.2) (7.6)
Pacific 10.0 2.5 7.4 8.8 1.1
Other 1.8 4.1 (2.2) 8.3 (6.1)
System 1.3 1.2 0.1 5.1 (3.6)
Components of the year-over-year change in fourth quarter cargo revenues included:
The 5.1% traffic increase which reflected traffic growth in all markets with the exception of the Atlantic market where
traffic was slightly below fourth quarter 2011 levels. The weak economic conditions in Europe continued to have an
adverse significant impact on traffic originating from Europe.
The 3.6% yield decrease which reflected increased competitive pricing activities, particularly in the Atlantic market, and,
to a lesser extent, an unfavourable currency impact.
Other revenues increased 1% from the fourth quarter of 2011
Other revenues consist primarily of revenues from the sale of the ground portion of vacation packages, ground handling
services, and other airline-related services, as well as revenues related to the lease or sublease of aircraft to third parties.
In the fourth quarter of 2012, other revenues of $202 million increased $2 million or 1% from the fourth quarter of 2011. An
increase in ground package revenues at Air Canada Vacations and an increase in passenger-related fees, such as cancellation
and change fees, were largely offset by a decrease in property rent lease revenues from Aveos.