Air Canada's Cargo Revenue Declines
Air Cargo News | Feb. 12, 2007
Air Canada has reported its fourth quarter results. The company posted an operating loss of US$4.3 million in the quarter, representing an improvement of US$73 million on 2005. Cargo revenues were US$141 million, back from US$151 million in the fourth quarter of 2005.
The company said the results are 'on track following a third consecutive year of record load factors'. Air Canada expects to see continued positive returns from investments in a new business model. In March, the airline will begin taking delivery of new Boeing 777 aircraft.
"I am very pleased to report one of the strongest fourth quarters in Air Canada's history, capping a year of numerous accomplishments that included the initial public offering of Air Canada," said Montie Brewer, the airline's president and chief executive officer.
"Looking forward, revenue and cost performance are on track aided by continued strong future bookings," Brewer added.