Air Canada 2009 Annual Report Download - page 83

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2009 Management’s Discussion and Analysis
83
22. GLOSSARY
Available Seat Miles or ASMs — A measure of passenger capacity calculated by multiplying the total number of seats
available for passengers by the miles fl own.
CASM — Operating expense per ASM.
EBITDAR — EBITDAR is earnings before interest, taxes, depreciation and amortization, and aircraft rent and is a non-GAAP
fi nancial measure commonly used in the airline industry to view operating results before depreciation and amortization,
and aircraft rent as these costs can vary signifi cantly among airlines due to differences in the way airlines fi nance their
aircraft and other assets. Refer to section 21 of this MD&A for additional information.
Passenger Load Factor — 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 — Average passenger revenue per ASM.
Revenue Passenger Miles or RPMs — A measure of passenger traffi c calculated by multiplying the total number of
revenue passengers carried by the miles they are carried.
Yield — Average passenger revenue per RPM.