![]() dollar for the full year 2023 and that the price of jet fuel will average C$1.09 per litre for the full year 2023.īelow is a description of certain non-GAAP financial measures and ratios used by Air Canada to provide readers with additional information on its financial and operating performance. Air Canada also assumes that the Canadian dollar will trade, on average, at C$1.34 per U.S. As part of its assumptions, Air Canada assumes moderate Canadian GDP growth for 2023. ![]() Refer to the "Non-GAAP Financial Measures" section of this news release for descriptions of these measures, and for a reconciliation of Air Canada non-GAAP measures used in this news release to the most comparable GAAP financial measure.Īssumptions were made by Air Canada in preparing its updated guidance. Such measures are not recognized measures for financial statement presentation under GAAP, do not have standardized meanings, may not be comparable to similar measures presented by other entities and should not be considered a substitute for *Adjusted CASM and adjusted EBITDA referred to in this news release, are non-GAAP financial measures. ![]() Given the new cost environment, prior comparisons to the 2019 baseline are no longer as meaningful, and comparisons to 2022 are more appropriate.Īir Canada is providing the following updates to its 2023 guidance.ĪSM capacity About 24 per cent increase versus 2022 (~90 per cent of About 23 per cent increase versus 2022 (~90 per cent ofĪbout 13 to 15 per cent above 2019 levelsĪbout 0.5 to 2.5 per cent below 2022 levelsĪir Canada is not updating its 2024 targets at this time and will continue evaluating them as it progresses towards its plans and executes on its strategic priorities. Air Canada is also modifying the baseline comparison for its 2023 adjusted CASM guidance, comparing it to a 2022 instead of a 2019 baseline. ![]()
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