Chorus Aviation Inc. (ticker: CHR_A.TO, exchange: Toronto Stock Exchange (.TO))
News Release -
6-Jul-2006
Air Canada reports 27 consecutive months of record system load factors System passenger load factor at 83.5 per cent - highest ever for June
MONTREAL, July 6 /CNW Telbec/ - Air Canada reported a system load factor of 83.5 per cent in June 2006. The mainline carrier flew 1.7 per cent more revenue passenger miles (RPMs) in June 2006 than in June 2005, according to preliminary traffic figures. Overall, capacity decreased by 0.9 per cent, resulting in a load factor of 83.5 per cent, compared to 81.3 per cent in June 2005; an increase of 2.2 percentage points.
Jazz, ACE's regional subsidiary, flew 56.5 per cent more revenue passenger miles in June 2006 than in June 2005, according to preliminary traffic figures. Capacity increased by 59.3 per cent, resulting in a load factor of 73.8 per cent, compared to 75.1 per cent in June 2005; a decrease of 1.3 percentage points.
System traffic, on a combined basis for Air Canada and ACE's regional carrier, Jazz, rose 4.5 per cent on a capacity increase of 2.4 per cent, resulting in a load factor of 82.7 per cent. North American traffic, on a combined basis rose 5.4 per cent.
"In June, Air Canada reported a 2.2 percentage point increase in load factor over last year's record for the month, marking our 27th consecutive month of record load factors," said Montie Brewer, President and Chief Executive Officer. "I am particularly pleased with the strength of our North American performance with Air Canada and Jazz together reporting an increase in traffic of 4.5 per cent over the same month last year. Along with these record volumes, the airline achieved another month of strong operational performance in great part due to the efforts and teamwork of Air Canada's employees. I thank them for their hard work."
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, international conflicts, 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.
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AIR CANADA MAINLINE
(Includes Jetz)
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JUNE YEAR-TO-DATE
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2006 2005 Change 2006 2005 Change
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Traffic
(RPMs
millions) 4,064 3,996 +1.7% 21,693 21,145 +2.6%
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Capacity
(ASMs
millions) 4,868 4,914 -0.9% 26,699 26,571 +0.5%
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Load Factor 83.5% 81.3% +2.2 pts 81.3% 79.6% +1.7 pts
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RPMs 1,175 1,245 -5.6% 5,874 6,166 -4.7%
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Canada ASMs 1,482 1,533 -3.3% 7,428 7,737 -4.0%
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Load
Factor 79.3% 81.2% -1.9 pts 79.1% 79.7% -0.6 pts
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RPMs 557 502 +11.0% 3,810 3,480 +9.5%
U.S. ---------------------------------------------------------------
Trans- ASMs 710 664 +6.9% 4,776 4,648 +2.8%
border ---------------------------------------------------------------
Load
Factor 78.5% 75.6% +2.9 pts 79.8% 74.9% +4.9 pts
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RPMs 1,273 1,218 +4.5% 5,615 5,137 +9.3%
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Atlantic ASMs 1,407 1,423 -1.1% 6,607 6,153 +7.4%
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Load
Factor 90.5% 85.6% +4.9 pts 85.0% 83.5% +1.5 pts
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RPMs 781 777 +0.5% 4,003 4,013 -0.2%
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Pacific ASMs 917 951 -3.6% 4,819 4,954 -2.7%
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Load
Factor 85.2% 81.7% +3.5 pts 83.1% 81.0% +2.1 pts
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RPMs 278 254 +9.4% 2,391 2,349 +1.8%
Latin ---------------------------------------------------------------
America ASMs 352 343 +2.6% 3,069 3,079 -0.3%
& Other ---------------------------------------------------------------
Load
Factor 79.0% 74.1% +4.9 pts 77.9% 76.3% +1.6 pts
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ACE AVIATION HOLDINGS INC. REGIONAL
(Jazz)
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JUNE YEAR-TO-DATE
---------------------------------------------------------------
2006 2005 Change 2006 2005 Change
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Traffic
(RPMs
millions) 335 214 +56.5% 1,753 1,006 +74.3%
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Capacity
(ASMs
millions) 454 285 +59.3% 2,445 1,406 +73.9%
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Load Factor 73.8% 75.1% -1.3 pts 71.7% 71.6% +0.1 pts
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RPMs 246 165 +49.1% 1,305 774 +68.6%
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Canada ASMs 328 215 +52.6% 1,782 1,050 +69.7%
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Load
Factor 75.0% 76.7% -1.7 pts 73.2% 73.7% -0.5 pts
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RPMs 89 49 +81.6% 448 232 +93.1%
U.S. ---------------------------------------------------------------
Trans- ASMs 126 70 +80.0% 663 356 +86.2%
border ---------------------------------------------------------------
Load
Factor 70.6% 70.0% +0.6 pts 67.6% 65.2% +2.4 pts
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CONSOLIDATED
(AIR CANADA MAINLINE AND JAZZ)
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JUNE YEAR-TO-DATE
---------------------------------------------------------------
2006 2005 Change 2006 2005 Change
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Traffic
(RPMs
millions) 4,399 4,210 +4.5% 23,446 22,151 +5.8%
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Capacity
(ASMs
millions) 5,322 5,199 +2.4% 29,144 27,977 +4.2%
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Load Factor 82.7% 81.0% +1.7 pts 80.4% 79.2% +1.2 pts
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RPMs 1,421 1,410 +0.8% 7,179 6,940 +3.4%
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Canada ASMs 1,810 1,748 +3.5% 9,210 8,787 +4.8%
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Load
Factor 78.5% 80.7% -2.2 pts 77.9% 79.0% -1.1 pts
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RPMs 646 551 +17.2% 4,258 3,712 +14.7%
U.S. ---------------------------------------------------------------
Trans- ASMs 836 734 +13.9% 5,439 5,004 +8.7%
border ---------------------------------------------------------------
Load
Factor 77.3% 75.1% +2.2 pts 78.3% 74.2% +4.1 pts
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RPMs 2,332 2,249 +3.7% 12,009 11,499 +4.4%
Interna- ---------------------------------------------------------------
tional ASMs 2,676 2,717 -1.5% 14,495 14,186 +2.2%
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Load
Factor 87.1% 82.8% +4.3 pts 82.8% 81.1% +1.7 pts
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%SEDAR: 00020954EF %CIK: 0001295721
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Chorus Aviation Inc.
