Air Canada reported a reduced operating loss of $126 million in the first quarter of 2010 compared to the operating loss of $188 million in the first quarter of 2009, an improvement of $62 million. Air Canada’s operating revenues increased $128 million or 5 per cent from the same quarter in 2009. Earnings before interest, taxes, depreciation, amortization and aircraft rent (EBITDAR) of $138 million increased $81 million from the first quarter of 2009.
Air Canada reported a net loss of $85 million in the first quarter of 2010 which included gains on foreign exchange of $100 million. This compared to a net loss of $400 million in the first quarter of 2009 which included losses on foreign exchange of $101 million.
For the month of April, Air Canada reported a system load factor of 82.4% on a consolidated basis with Jazz, versus 81.1% in April 2009, an increase of 1.3 percentage points. System traffic increased 1.0 per cent while system wide capacity decreased 0.7%. The system wide capacity decrease was approximately 3.0 percentage points below expected levels, the result of cancelled flights to and from Europe due to volcanic activity affecting European air space in mid-April.
