Air Canada 2006 Annual Report Download - page 42

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Jazz 2005 2005 2005 2005 2006 2006 2006 2006
Passenger revenue $- $1 $- $1 $- $- $- $-
Other revenue 213 231 274 303 320 340 369
352
Operating revenues $213 $232 $274 $304 $320 $340 $369
$352
Operating expenses (183) (205) (236) (270) (285) (303) (330) (319)
Operating income 30 27 38 34 35 37 39 33
Total non-operating income (expense),
non-controlling interest, foreign
exchange gain (loss) and income tax (4) (4) (1) (2) (2) (1) - (1)
Segment income $26 $23 $37 $32 $33 $36 $39
$32
Seasonality
Air Canada has historically experienced considerably greater demand for its services in the second and third
quarters of the calendar year and significantly lower demand in the first and fourth quarters of the calendar year.
This demand pattern is principally a result of the high number of leisure travelers and their preference for travel
during the spring and summer months. The cost structure of the Corporation is such that its fixed costs do not
fluctuate proportionately with passenger demand in the short-term.
42