Air Canada 2012 Annual Report Download - page 81

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2012 Management’s Discussion and Analysis
81
21. GLOSSARY
ACPA – Refers to the Air Canada Pilots Association.
Adjusted CASM – Refers to operating expense per ASM adjusted to remove the effects of fuel expense, the cost of ground
packages at Air Canada Vacations and unusual items. Refer to section 20 of this MD&A for additional information.
Adjusted net income – Refers to the consolidated net income (loss) of the Corporation attributable to the shareholders of Air
Canada adjusted to remove the effects of (to the extent included in consolidated net income (loss)) foreign exchange, net
financing income (expense) relating to employee benefits, mark-to-market adjustments on derivatives and other financial
instruments recorded at fair value and unusual items. Refer to section 20 of this MD&A for additional information.
Atlantic passenger and cargo revenues – Refers to revenues from flights that cross the Atlantic Ocean with origins and
destinations principally in Europe.
Available Seat Miles or ASMs – Refers to a measure of passenger capacity calculated by multiplying the total number of
seats available for passengers by the miles flown.
CALDA – Refers to the Canadian Airline Dispatchers Association.
CASM – Refers to operating expense per ASM.
CAW – Refers to the Canadian Auto Workers.
CUPE – Refers to the Canadian Union of Public Employees.
EBITDAR – EBITDAR is earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent and is a
non-GAAP financial measure commonly used in the airline industry to view operating results before depreciation,
amortization and impairment, and aircraft rent 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.
Effective Ton Miles or ETMs – Refers to the mathematical product of tonnage capacity times distance hauled.
IAMAW – Refers to the International Association of Machinists and Aerospace Workers.
IATA – Refers to the International Air Transport Association.
Other passenger and cargo revenues – Refers to revenues from flights with origins and destinations principally in Central
and South America, Australia, the Caribbean and Mexico.
Pacific passenger and cargo revenues – Refers to revenues from flights that cross the Pacific Ocean with origins and
destinations principally in Asia.
Passenger Load Factor – Refers to 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 – Refers to average passenger revenue per ASM (baggage fee revenues,
which are included in passenger revenues, are removed for the purposes of calculating RASM).
Percentage point (pp) – Refers to a measure for the arithmetic difference of two percentages.
Revenue Passenger Carried – Refers to IATA’s definition of passenger carried whereby passengers are counted on a flight no.
basis rather than by journey/itinerary or by leg.