Air Canada swings to profit in 2Q

摘要

Air Canada reported a C$223 million ($203.6 million) second-quarter net profit, reversed from a net loss of C$23 million in the year-ago quarter, and a loss of C$341 million in the first quarter of 2014. The Montreal-based carrier reported second-quarter operating revenues of C$3.3 billion, up 7.5% year-over-year. Operating expenses rose 6% to C$3.06 billion to produce an operating income of C$245 million, compared to C$174 million in the second quarter of 2013. Traffic rose 9.9% to 15.5 billion RPMs on an 8.5% increase in capacity to 18.4 billion ASMs, producing a load factor of 84.2%, up 1.1 point for the quarter. Yield dipped 2.1% to 18.9 cents as PRASM lowered 0.8% to 15.9 cents and CASM decreased 2.2% to 16.6 cents.