Air Canada 2013 Annual Report Download - page 54

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2013 Air Canada Annual Report
54
The following table provides major quarterly operating statistics for Air Canada for the last eight quarters.
2012 2013
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Revenue passenger miles
(millions) 12,946 13,868 16,258 12,574 13,087 14,093 16,726 12,882
Available seat miles (millions) 16,344 16,606 18,835 15,484 16,164 16,972 19,404 16,033
Passenger load factor (%) 79.2 83.5 86.3 81.2 81.0 83.0 86.2 80.3
Passengers RASM (cents) 15.2 15.9 15.9 16.0 15.4 16.0 16.2 15.7
CASM, excluding benefit plan
amendments (cents)(1) 18.7 17.6 16.1 18.0 18.9 17.0 15.8 17.7
Adjusted CASM (cents)(2) 12.3 11.9 10.7 12.4 12.5 11.7 10.4 12.1
Economic fuel price per litre
(cents)(3) 91.7 90.8 87.7 88.1 92.4 85.7 89.6 88.4
(1) In the fourth quarter of 2013, Air Canada recorded an operating expense reduction of $82 million related to changes to early retirement provisions in Air Canada’s defined
benefit pension plans. In the third quarter of 2012, Air Canada recorded an operating expense reduction of $127 million related to changes to the terms of the ACPA
collective agreement pertaining to retirement age.
(2) Adjusted CASM is a non-GAAP financial measure. Refer to section 20 “Non-GAAP Financial Measures” of this MD&A for additional information.
(3) Includes fuel handling expenses. Economic fuel price per litre is a non-GAAP financial measure. Refer to sections 6 and 7 of this MD&A for additional information.