Air Canada reported full year and fourth quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (“EBITDAR”) of $1.451bn (or $1.327bn before the impact of benefit plan amendments) compared to EBITDAR of $1.242bn in 2011. Including the favourable impact of benefit plan amendments, EBITDAR of $1.451bn increased $209m year-over-year (or $85m before the impact of benefit plan amendments). On a GAAP basis, in 2012, net income was $131m, compared to a net loss of $249m in 2011. On an adjusted basis, net income was $53m compared to a net loss of $122m in 2011. For the fourth quarter of 2012, Air Canada reported EBITDAR of $284m compared to EBITDAR of $162m in the fourth quarter of 2011, an improvement of $122m. On a GAAP basis, in the fourth quarter of 2012, Air Canada reported net income of $8m compared to a net loss of $60m in the fourth quarter of 2011. Air Canada reported an adjusted net loss of $6m compared to an adjusted net loss of $167m in the same quarter in 2011.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada