Air Canada 2006 Annual Report Download - page 28

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unit aircraft rental cost increase mainly reflected six CRJ-200 aircraft deliveries and the transfer of 10 CRJ-100
aircraft from Air Canada partly offset by a termination of two Dash 8 aircraft operating leases.
Segment income of $140 million was recorded in 2006 compared to segment income of $118 million in 2005.
8.3 Summary of Consolidated Results
The Corporation, as defined under “Basis of Presentation”, recorded operating income of $259 million, a
decrease of $59 million from the operating income of $318 million recorded in 2005. Excluding special charges
of $122 million for Aeroplan miles and labour restructuring, operating income increased $63 million over 2005.
Gains from the revaluation of foreign currency monetary items amounted to $12 million in 2006 attributable to a
stronger Canadian dollar at December 31, 2006 compared to December 31, 2005. This compared to gains of
$47 million in 2005.
Net loss in 2006 amounted to $74 million or $0.83 per diluted share compared to a net loss of $20 million or
$0.25 per diluted share in 2005. The 2006 net loss included special charges of $122 million ($83 million after
tax).
Unit cost, as measured by operating expense per ASM, increased 3 percent in 2006 compared to 2005. For
2006, excluding fuel expense and the special charge for labour restructuring, unit cost was essentially
unchanged from 2005.
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