July 27 (Reuters) - Air Canada AC.TO :
* REPORTS SECOND QUARTER 2018 RESULTS
* QTRLY ADJUSTED EARNINGS PER SHARE $0.41
* QTRLY AIR CANADA'S COST PER AVAILABLE SEAT MILE INCREASED 5.6 PER CENT FROM Q2 OF 2017
* QTRLY LOSS PER SHARE $0.28
* EXPECTS POSITIVE FREE CASH FLOW IN RANGE OF $350 TO $500 MILLION IN 2018
* QTRLY OPERATING REVENUES $ 4,333 MILLION VERSUS $ 3,910 MILLION REPORTED LAST YEAR
* QTRLY PASSENGER REVENUE PER RPM (“YIELD”) 17.3 CENTS VERSUS 17.0 CENTS REPORTED LAST YEAR
* SEES ADJUSTED CASM FOR Q3 2018 INCREASE OF 2.0% TO 3.0%
* QTRLY PASSENGER REVENUE PER ASM ("PRASM") 14.4 CENTS VERSUS 14.0 CENTS
* SEES ADJUSTED CASM FOR FULL YEAR 2018 TO RANGE BETWEEN A DECREASE OF 0.5% TO AN INCREASE OF 1.0%
* FOR Q3 EXPECTS ADJUSTED CASM (WHICH EXCLUDES FUEL EXPENSE, COST OF GROUND PACKAGES AT VACATIONS & SPECIAL ITEMS) TO RISE 2 TO 3 PER CENT VERSUS Q3 2017
* CONTINUES TO EXPECT TO ACHIEVE AN ANNUAL EBITDAR MARGIN OF 17-20 PER CENT IN 2019 AND 2020
* QTRLY ADJUSTED CASM 10.6 CENTS VERSUS 10.7 CENTS
* Q2 OF 2018 INCLUDED A LOSS ON DISPOSAL OF ASSETS OF $186 MILLION AND LOSSES ON FOREIGN EXCHANGE OF $25 MILLION
* Q2 EARNINGS PER SHARE VIEW C$0.28, REVENUE VIEW C$4.31 BILLION -- THOMSON REUTERS I/B/E/S
* ESTIMATE WILL BE ABLE TO MITIGATE ABOUT 75 PER CENT OF EXPECTED 2018 ANNUAL FUEL PRICE INCREASE THROUGH FARE INCREASES, OTHER INITIATIVES
* FOR FY 2018 NOW EXPECTS DEPRECIATION, AMORTIZATION AND IMPAIRMENT EXPENSE TO INCREASE BY ABOUT $125 MILLION FROM FULL YEAR 2017