Air Canada 2013 Annual Report Download - page 32

2013 Air Canada Annual Report
32
The table below provides year-over-year percentage changes in U.S. transborder passenger revenues and operating statistics
for the fourth quarter 2013 and each of the previous four quarters.
U.S. Transborder Year-over-Year by Quarter (% Change)
Q4'12 Q1'13 Q2'13 Q3'13 Q4'13
Passenger revenues (3.3) (2.6) (0.3) 4.7 8.1
Capacity (ASMs) 2.7 0.4 (0.8) (1.6) 1.6
Traffic (RPMs) 4.2 1.0 1.6 0.5 4.0
Passenger load factor
(pp change) 1.1 0.4 1.9 1.7 1.8
Yield (10.0) (5.5) (1.7) 4.7 4.2
RASM (8.6) (4.9) 0.7 7.0 6.6
In the fourth quarter of 2013, capacity on the U.S. transborder market increased 1.6% from the fourth quarter of 2012,
reflecting capacity increases on U.S. short-haul routes and on services to Florida and Las Vegas.
Components of the year-over-year change in fourth quarter U.S. transborder passenger revenues included:
• The 4.2% yield improvement which reflected higher average fares and a greater proportion of higher-yielding traffic in
the Economy cabin. Yield growth was recorded on all major U.S. transborder services. A favourable currency impact of
$6 million also contributed to the yield improvement in the fourth quarter of 2013. The yield growth was achieved in
spite of the impact of a higher proportion of longer-haul flying when compared to 2012.
• The 4.0% traffic increase which reflected traffic growth on all major U.S. transborder services with the exception of
services to Hawaii where capacity was reduced year-over-year.
The 6.6% RASM increase was due to the yield growth of 4.2% and a 1.8 percentage point improvement in passenger load
factor. RASM improvements were recorded on all major U.S. transborder services.
Atlantic passenger revenues increased 2.7% from the fourth quarter of 2012
In the fourth quarter of 2013, on capacity growth of 5.9%, Atlantic passenger revenues of $462 million increased $12 million
or 2.7% from the fourth quarter of 2012. The increase in Atlantic passenger revenues was due to traffic and yield growth of
1.7% and 0.7%, respectively.
The table below provides year-over-year percentage changes in Atlantic passenger revenues and operating statistics for the
fourth quarter 2013 and each of the previous four quarters.
Atlantic Year-over-Year by Quarter (% Change)
Q4'12 Q1'13 Q2'13 Q3'13 Q4'13
Passenger revenues 12.5 1.9 8.8 11.0 2.7
Capacity (ASMs) 0.1 (2.9) 2.5 2.1 5.9
Traffic (RPMs) 5.6 2.2 0.9 3.1 1.7
Passenger load factor
(pp change) 4.1 3.8 (1.3) 0.8 (3.1)
Yield 7.8 0.8 7.7 7.6 0.7
RASM 13.7 6.1 6.0 8.6 (3.2)
In the fourth quarter of 2013, Atlantic capacity increased 5.9% from the fourth quarter of 2012, reflecting capacity growth on
all major Atlantic services with the exception of services to Greece and Spain, which reflected an earlier end to seasonal
operations when compared to the fourth quarter of 2012, and on services from Western Canada to Germany which reflected a
seasonal capacity reduction in December 2013.