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Air Canada reports September traffic

Wednesday 18/10/2017 - Source: E-Travel Blackboard

Air Canada reported a consolidated load factor of 78.7 per cent in September 2017. The mainline carrier flew 3.0 per cent more revenue passenger miles (RPMs) in September 2017 than in September 2016, according to preliminary traffic figures. Capacity increased by 3.7 per cent, resulting in a load factor of 79.1 per cent, compared to 79.6 per cent in September 2016; a decrease of 0.5 percentage points.

Jazz, from which Air Canada purchases regional capacity, flew 6.3 per cent more RPMs in September 2017 than in September 2016, according to preliminary traffic figures. Capacity increased by 3.6 per cent, resulting in a load factor of 73.5 per cent, compared to 71.6 per cent in September 2016; an increase of 1.9 percentage points.

Year over year, system traffic on a consolidated basis for Air Canada and Jazz rose 3.3 per cent on a capacity increase of 3.7 per cent. This resulted in a load factor of 78.7 per cent versus 78.9 per cent in September 2016.

"In September, Air Canada and Jazz together reported continued growth in traffic, resulting in a combined load factor of 78.7 per cent," said Montie Brewer, President and Chief Executive Officer. "These solid results year over year underscore effective capacity management as we continue to grow and renew our fleet with new Boeing 777 and Embraer aircraft. I am particularly proud of our employees who met targets for both On-time Performance and Customer Satisfaction during this busy travel month as their hard work continues to earn the loyalty of our customers."

NOTE: Beginning in May 2017, Air Canada has adjusted the way it reports its monthly traffic results. Tier 3 flying is now included in mainline results along with Jetz. Charter flying is apportioned among the respective market segments. The September 2016 and year-to-date traffic numbers have been adjusted to reflect these changes for year-over-year comparisons.

This disclosure may include forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on assumptions, are subject to important risks and uncertainties and cannot be relied upon due to, amongst other things, changing external factors and general uncertainties of the business. Results indicated in forward-looking statements may differ materially from actual results due to a number of factors, including without limitation, energy prices, general industry, market and economic conditions, war, terrorist acts, labour or pension issues, changes in laws and regulations, litigation and actions by third parties as well as the factors identified in Air Canada's public disclosure file accessible through SEDAR at Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations

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