Air Canada 2006 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2006 Air Canada annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

The following table compares the results of the Corporation’s reportable segments for Quarter 4 2006 to Quarter
4 2005. The amounts in the table below include inter-segment revenues and expenses.
($ millions, except per share figures) 2006 2005 $% 2006 2005 $%
Operating revenues
Passenger $ 2,071 $ 1,949 $ 122 6 $ - $ 1 $ (1) (100)
Cargo 166 177 (11) (6) - - -
n/a
Other 178 145 33 23 352 303 49 16
2,415 2,271 144 6 352 304 48 16
Operating expenses
Salaries, wages and benefits 443 463 (20) (4) 82 75 7 9
Aircraft fuel 583 577 6 1 69 62 7 11
Aircraft rent 75 90 (15) (17) 34 28 6 21
Airport and navigation fees 232 222 10 5 46 37 9 24
Aircraft maintenance, materials and supplies 205 180 25 14 27 18 9 50
Communications and information technology 68 72 (4) (6) 2 2 - -
Food, beverages and supplies 76 78 (2) (3) 4 3 1 33
Depreciation, amortization and obsolescence 135 106 29 27 5 4 1 25
Commissions 49 47 2 4 - - -
n/a
Capacity purchase fees paid to Jazz 224 194 30 15 - - -
n/a
Special charge for labour restructuring (8) - (8) n/a - - -
n/a
Other 338 333 5 2 50 41 9 22
2,420 2,362 58 2 319 270 49 18
Operating income (loss) (5) (91) 86 33 34 (1)
Non-operating income (expense)
Interest income 24 14 10 2 - 2
Interest expense (88) (74) (14) (2) (3) 1
Interest capitalized 22 6 16 - - -
Gain (loss) on sale of and provisions on assets (10) (30) 20 - 1 (1)
Other - (2) 2 (1) - (1)
(52) (86) 34 (1) (2) 1
Income (loss) before the following items: (57) (177) 120 32 32 -
Non-controlling interest (3) (2) (1) - - -
Foreign exchange loss (107) (11) (96) - - -
Recovery of income taxes 23 55 (32) - - -
Segment income (loss) $ (144) $ (135) $ (9) $ 32 $ 32 $ -
EBITDAR
(1)
205 105 100 72 66 6
EBITDAR excluding special charges
(1)
197
105
92
72
66
6
Change
Air Canada Services Jazz
Change Quarter 4 Quarter 4
(1) See section 20 "Non-GAAP Financial Measures" in this MD&A for a reconciliation of EBITDAR to operating income
(loss).
16