Air Canada 2009 Annual Report Download - page 45

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2009 Management’s Discussion and Analysis
45
11. QUARTERLY FINANCIAL DATA
The following table summarizes quarterly fi nancial results and major operating statistics for Air Canada for the last eight
quarters.
(Canadian dollars in millions,
except per share fi gures)
Q1
2008
Q2
2008
Q3
2008
Q4
2008
Q1
2009
Q2
2009
Q3
2009
Q4
2009
Operating revenues $ 2,727 $ 2,782 $ 3,075 $ 2,498 $ 2,391 $ 2,330 $ 2,670 $ 2,348
Aircraft fuel 715 848 1,064 792 593 572 682 601
Ownership (DAR) (1) 234 242 243 254 245 248 252 250
Other operating expenses 1,790 1,685 1,656 1,598 1,741 1,623 1,668 1,580
Operating expenses 2,739 2,775 2,963 2,644 2,579 2,443 2,602 2,431
Operating income (loss) before the
undernoted item (12) 7 112 (146) (188) (113) 68 (83)
Provision for cargo investigations (2) (125) - - - - - - -
Operating income (loss) (137) 7 112 (146) (188) (113) 68 (83)
Total non-operating income (expense),
non-controlling interest, foreign exchange
gain (loss) and income tax
(151) 115 (244) (581) (212) 268 209 27
Net income (loss) $ (288) $ 122 $ (132) $ (727) $ (400) $ 155 $ 277 $ (56)
Revenue passenger miles (millions) 12,331 12,884 14,458 10,845 10,984 11,862 14,153 10,885
Available seat miles (millions) 15,407 15,581 17,515 13,571 13,821 14,735 16,946 13,841
Passenger load factor (%) 80.0 82.7 82.5 79.9 79.5 80.5 83.5 78.6
RASM (cents) 15.0 15.7 15.7 16.0 14.5 13.9 14.1 14.6
CASM (cents) 17.8 17.8 16.9 19.5 18.7 16.6 15.4 17.6
CASM, excluding fuel expense (cents) 13.1 12.4 10.8 13.6 14.4 12.7 11.3 13.2
Fuel price per litres (cents) (3) 75.2 89.2 101.0 95.8 71.4 65.4 68.6 72.6
EBITDAR before the provision
for cargo investigations (4) $ 222 $ 249 $ 355 $ 108 $ 57 $ 135 $ 320 $ 167
EBITDAR (4) $ 97 $ 249 $ 355 $ 108 $ 57 $ 135 $ 320 $ 167
Earning (loss) per share
- Basic $ (2.88) $ 1.22 $ (1.32) $ (7.27) $ (4.00) $ 1.55 $ 2.77 $ (0.25)
- Diluted $ (2.88) $ 1.22 $ (1.32) $ (7.27) $ (4.00) $ 1.55 $ 2.44 $ (0.25)
(1) DAR refers to the combination of Depreciation and amortization, and Aircraft rent expenses.
(2) A provision for cargo investigations and proceedings of $125 million was recorded in the fi rst quarter of 2008.
(3) Includes fuel handling and is net of fuel hedging results.
(4) See section 21 “Non-GAAP Financial Measures” in this MD&A for additional information.