Air Canada Inc. (AC_A.TO, AC_B.TO, AIDIF.PK) posted a narrower preliminary GAAP net loss of around C$260 million for the first quarter, compared with a C$274 million loss in the previous year. Further, the company reported adjusted net loss of around C$143 million in the latest quarter.
Air Canada estimates that its passenger revenue per available seat mile or "RASM" in the first quarter of 2013, on a system-wide basis, increased by about 1.1 percent year-on-year, due to passenger load factor improvements partly offset by lower yields.
For full year 2013, Air Canada still expects system ASM capacity to increase in the range of 1.5 to 2.5 percent, and continues to expect domestic capacity to increase in the range of 0.5 to 1.5 percent from the full year 2012.
In addition, Air Canada anticipates that the Canadian dollar would trade, on average, at C$1.02 per U.S. dollar for the year 2013 and that the price of jet fuel would average 86 cents per litre for the full year.
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