Air Canada 2014 Annual Report Download - page 83

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83
2014 Management’s Discussion and Analysis
ACPA – Refers to the Air Canada Pilots Association.
Adjusted CASM – Refers to operating expense per
ASM adjusted to remove the effects of fuel expense,
ground packages costs and unusual items. Refer to
section 20 “Non-GAAP Financial Measures” of this
MD&A for additional information.
Adjusted net income (loss) – Refers to the
consolidated net income (loss) of Air Canada
attributable to the shareholders of Air Canada adjusted
to remove the effects of (to the extent included in
consolidated net income (loss)) foreign exchange gains
or losses, net financing income (expense) relating to
employee benefits, mark-to-market adjustments on
fuel and other derivatives and unusual items. Refer to
section 20 “Non-GAAP Financial Measures” of this
MD&A for additional information.
Atlantic passenger and cargo revenues – Refer to
revenues from flights that cross the Atlantic Ocean
with origins and destinations principally in Europe.
Available Seat Miles or ASMs – Refers to a measure
of passenger capacity calculated by multiplying the
total number of seats available for passengers by the
miles flown.
Average stage length – Refers to the average mile
per departure seat and is calculated by dividing total
ASMs by total seats dispatched.
Boeing – Refers to The Boeing Company.
CALDA – Refers to the Canadian Airline Dispatchers
Association.
CASM – Refers to operating expense per ASM.
CAW – Refers to the Canadian Auto Workers Union,
the predecessor to UNIFOR.
CUPE – Refers to the Canadian Union of Public Employees.
Domestic passenger and cargo revenues – Refer to
revenues from flights within Canada.
EBITDAR – Refers to earnings before interest, taxes,
depreciation, amortization, impairment and aircraft
rent. EBITDAR is a non-GAAP financial measure. Refer
to section 20 “Non-GAAP Financial Measures” of this
MD&A for additional information.
EETCs – Refers to Enhanced Equipment Trust Certificates
issued in connection with the financing of aircraft.
Effective Ton Miles or ETMs – Refers to the mathematical
product of tonnage capacity times distance hauled.
EXIM – Refers to Export-Import Bank of the United States.
GTAA – Refers to the Greater Toronto Airports Authority.
IAMAW – Refers to the International Association of
Machinists and Auto Workers.
Other passenger and cargo revenues – Refer to
revenues from flights with origins and destinations
principally in Central and South America and the
Caribbean and Mexico.
Pacific passenger and cargo revenues – Refer to
revenues from flights that cross the Pacific Ocean with
origins and destinations principally in Asia and Australia.
Passenger Load Factor – Refers to 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
PRASM – Refers to average passenger revenue per
ASM (baggage fee revenues, which are included in
passenger revenues, are removed for the purposes of
calculating PRASM).
Percentage point (pp) – Refers to a measure for the
arithmetic difference of two percentages.
Return on invested capital or ROIC – Refers to return
on invested capital and is a measure used to assess the
efficiency with which a company allocates its capital to
generate returns. Refer to section 20 “Non-GAAP Financial
Measures” of this MD&A for additional information.
Revenue Passenger Carried – Refers to IATA’s
definition of passenger carried whereby passengers
are counted on a flight no. basis rather than by
journey/itinerary or by leg.
Revenue Passenger Miles or RPMs – Refers to a
measure of passenger traffic calculated by multiplying
the total number of revenue passengers carried by the
miles they are carried.
Revenue Ton Miles or RTMs – Refers to the mathematical
product of weight in tons of a shipment being
transported by the number of miles that it is transported.
Seats dispatched – Refers to the number of seats on
non-stop flights. A non-stop flight refers to a single
take-off and landing.
UNIFOR – Refers to UNIFOR the Union, the successor
to CAW.
21. GLOSSARY