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BRIEF-Air Canada Q2 adjusted earnings per share C$0.85

Published 2015-08-12, 06:12 a/m
BRIEF-Air Canada Q2 adjusted earnings per share C$0.85
AC
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Aug 12 (Reuters) - Air Canada AC.TO :
* Reports record second quarter 2015 results
* Qtrly system passenger revenues of $3.082 billion increased $117 million or
3.9 per cent from the second quarter of 2014
* Says expects third quarter 2015 system asm capacity, as measured by available
seat miles (asms), to increase 9.5 to 10.5 per cent
* Says continues to expect its full year 2015 system asm capacity to increase
by 9.0 to 10.0 per cent
* Qtrly cost per available seat mile (casm) decreased 7.6 per cent from the
second quarter of 2014
* Q2 operating revenue C$3.41 billion versus C$3.31 billion last year
* Says expects its full year 2015 domestic asm capacity to increase by 3.0 to
4.0 per cent when compared to 2014
* Q2 adjusted earnings per share C$0.85
* Q2 earnings per share view C$0.84, revenue view C$3.45 billion -- Thomson
Reuters I/B/E/S
* Qtrly adjusted casm increased 0.7 per cent from the second quarter of 2014
* Says air Canada's outlook assumes relatively low Canadian gdp growth for 2015
* Q2 passenger revenue per rpm (yield) 18.0 Canadian cents versus 18.9 Canadian
cents last year
* Q2 operating expense per asm (casm) 15.4 Canadian cents versus 16.6 Canadian
cents last year
* Expects FY adjusted casm to decrease 1.0 to 2.0 per cent from the full year
2014
* Q2 earnings per share C$1.00
* Expects FY adjusted casm to decrease reflecting impact of a weaker Canadian
dollar on U.S. denominated operating expenses
* Sees Q3 ebitdar margin expansion versus prior year higher than the 350 basis
point expansion recorded in the second quarter of 2015
* Says outlook assumes relatively low Canadian gdp growth for 2015

* Source text for Eikon ID:nCNWzq8BBa

* Further company coverage AC.TO

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