Fwd: Air Canada Reports March Traffic

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>Air Canada Reports March Traffic
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>     MONTREAL, April 5 /CNW/ - Air Canada flew 1.0 per cent more revenue
>passenger miles (RPMs) in March 2002 than in March 2001, according to
>preliminary traffic figures. Capacity declined by 0.6 per cent, resulting in a
>load factor of 78.1 per cent, compared to 76.9 per cent in March 2001; an
>improvement of 1.2 percentage points.
>     Both domestic and U.S. transborder traffic remained essentially unchanged
>with Canada up slightly and U.S. down less than one per cent. Air Canada's
>March system load factor is the highest March figure in the company's history.
>     "While March system available seat mile (ASM) capacity was only down
>slightly from last year, aircraft hours flown measured as block hours were
>reduced by 8.4 per cent for the month," said Rob Peterson, Executive Vice
>President and Chief Financial Officer. "For the quarter, aircraft hours flown
>were 12.1 per cent below last year's level. The improvement in block hours in
>comparison to ASMs reflects efficiencies achieved through our fleet renewal
>program, a part of which involved the removal of older, smaller DC-9 and 737
>aircraft. Another contributing factor is our seat reconfiguration program, in
>which we reduced some Business Class capacity to add economy seating while
>maintaining the Canadian industry's most comfortable seating pitch standards.
>These actions together allow Air Canada to carry more people with less flying
>at significant savings in cost. These savings together with the continued
>modest year-over-year increase in revenue per available seat mile (RASM)
>should result in an improvement over last year in first quarter 2002 operating
>results."
>
>     This discussion contains certain forward-looking statements, which
>involve a number of risks and uncertainties. As a result of many factors
>including acts or potential acts of terrorism, government regulations and
>government mandated restrictions on operations and pricing, fuel prices,
>industry restructuring, labour negotiations, the economic environment in
>general including foreign exchange and interest rates, the airline competitive
>and pricing environment, industry capacity decisions and new entrants as well
>as external events, actual results could differ from expected results and the
>differences could be material.
>
>     <<
>     _________________________________________________________________________
>                             AIR CANADA MAINLINE
>     _________________________________________________________________________
>                                    MARCH                YEAR-TO-DATE
>                           ___________________________________________________
>                            2002    2001  Change      2002    2001  Change
>     _________________________________________________________________________
>     Traffic
>      (RPMs millions)      3,549   3,515    +1.0%    9,853   9,765    +0.9%
>     _________________________________________________________________________
>     Capacity
>      (ASMs millions)      4,544   4,570    -0.6%   12,970  13,691    -5.3%
>     _________________________________________________________________________
>     Load Factor            78.1%   76.9%   +1.2 pts  76.0%   71.3%   +4.7 pts
>     _________________________________________________________________________
>
>     _________________________________________________________________________
>               RPMs        1,034   1,029    +0.5%    2,952   2,900    +1.8%
>               _______________________________________________________________
>     Canada    ASMs        1,361   1,335    +1.9%    3,877   3,972    -2.4%
>               _______________________________________________________________
>               Load Factor  76.0%   77.1%   -1.1 pts  76.1%   73.0%   +3.1 pts
>               _______________________________________________________________
>     _________________________________________________________________________
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>     _________________________________________________________________________
>     U.S.      RPMs          779     786    -0.9%    2,171   2,195    -1.1%
>               _______________________________________________________________
>     Trans-    ASMs        1,129   1,089    +3.7%    3,206   3,212    -0.2%
>     border    _______________________________________________________________
>               Load Factor  69.0%   72.2%   -3.2 pts  67.7%   68.3%   -0.6 pts
>               _______________________________________________________________
>     _________________________________________________________________________
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>     _________________________________________________________________________
>               RPMs          847     872    -2.9%    2,243   2,281    -1.7%
>               _______________________________________________________________
>     Atlantic  ASMs          943   1,072   -12.0%    2,751   3,155   -12.8%
>               _______________________________________________________________
>               Load Factor  89.8%   81.3%   +8.5 pts  81.5%   72.3%   +9.2 pts
>     _________________________________________________________________________
>
>     _________________________________________________________________________
>               RPMs          590     609    -3.1%    1,607   1,757    -8.5%
>               _______________________________________________________________
>     Pacific   ASMs          694     768    -9.6%    1,936   2,477   -21.8%
>               _______________________________________________________________
>               Load Factor  85.0%   79.3%   +5.7 pts  83.0%   70.9%  +12.1 pts
>     _________________________________________________________________________
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>     _________________________________________________________________________
>     Other     RPMs          299     219   +36.5%      880     632   +39.2%
>               _______________________________________________________________
>      &        ASMs          417     306   +36.3%    1,200     875   +37.1%
>               _______________________________________________________________
>     Charter   Load Factor  71.7%   71.6%   +0.1 pts  73.3%   72.2%   +1.1 pts
>     _________________________________________________________________________
>
>     >>


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