Feb 16 (Reuters) - Air Canada AC.TO :
* REPORTS 2017 ANNUAL RESULTS
* Q4 ADJUSTED EARNINGS PER SHARE C$0.22
* Q4 GAAP EARNINGS PER SHARE C$0.02
* QTRLY OPERATING REVENUES C$ 3,820 MILLION VERSUS C$ 3,425 MILLION REPORTED LAST YEAR
* QTRLY PASSENGER REVENUE PER RPM ("YIELD") 17.1 CENTS VERSUS 16.9 CENTS
* AIR CANADA EXPECTS POSITIVE FREE CASH FLOW IN THE RANGE OF $250 TO $500 MILLION IN 2018
* Q4 EARNINGS PER SHARE VIEW C$0.14, REVENUE VIEW C$3.75 BILLION -- THOMSON REUTERS I/B/E/S
* QTRLY PASSENGER REVENUE PER ASM ("PRASM") 13.7 CENTS VERSUS 13.5 CENTS
* FOR FIRST QUARTER OF 2018, EXPECTS ADJUSTED CASM TO INCREASE 2.0 TO 3.0 PER CENT WHEN COMPARED TO THE FIRST QUARTER OF 2017
* QTRLY ADJUSTED CASM 11.3 CENTS VERSUS 11.4 CENTS
* FOR FY 2018, EXPECTS ADJUSTED CASM TO RANGE BETWEEN A DECREASE OF 0.5 PER CENT TO INCREASE OF 1.5 PER CENT COMPARED TO FULL YEAR 2017
* A TAX EXPENSE OF $16 MILLION AFFECTED FOURTH QUARTER AND FULL YEAR 2017 ADJUSTED NET INCOME RESULTS
* FOR FY 2018, EXPECTS AIRCRAFT MAINTENANCE EXPENSE TO INCREASE BY APPROXIMATELY $140 MILLION FROM THE FULL YEAR 2017