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AC Parent Records C$168 M Q2 Net (US$134 M)  
User currently offlineSebring From Canada, joined Jul 2004, 1663 posts, RR: 14
Posted (8 years 8 months 2 weeks 3 days 20 hours ago) and read 2269 times:

http://www.newswire.ca/en/releases/archive/August2005/04/c7041.html

Note Jazz regional sub to be IPO'd

July load factor was 83.6%

23 replies: All unread, jump to last
 
User currently offline7LBAC111 From United Kingdom, joined Jul 2004, 2566 posts, RR: 36
Reply 1, posted (8 years 8 months 2 weeks 3 days 20 hours ago) and read 2267 times:

Profit or Loss? Big grin

.



Debate is what you put on de hook when you want to catch de fish.
User currently offlineChrisA330 From Canada, joined Oct 1999, 626 posts, RR: 0
Reply 2, posted (8 years 8 months 2 weeks 3 days 18 hours ago) and read 2178 times:

Great results considering the rising costs of fuel. Should keep getting better - new planes, growing passenger loads, and the start of a fuel hedge program.

Good work AC.


User currently offlineYyz717 From Canada, joined Sep 2001, 16228 posts, RR: 57
Reply 3, posted (8 years 8 months 2 weeks 3 days 18 hours ago) and read 2157 times:

This represents an operating profit of 7.2%. These results are surprisingly good. Albeit for only 1 quarter of course.

With an 84% load factor, there is not much upward revenue potential though. Hence, AC must continue to reduce costs drastically. Anything that can be done to reduce the still-too-high labour costs should be pursued. AC remains relatively inefficient wrt unit costs.



Panam, TWA, Ansett, Eastern.......AC next? Might be good for Canada.
User currently offlineCruiser From Canada, joined Apr 2005, 1000 posts, RR: 7
Reply 4, posted (8 years 8 months 2 weeks 3 days 18 hours ago) and read 2136 times:

Wow, AC should have an operating profit this year! It has been a while in coming.

Now all they need is a new order of Widebodies.

Cruiser.



Leahy on Per Seat Costs: "Have you seen the B-2 fly-by at almost US$1bn a copy? It has only 2 seats!"
User currently offlineChrisA330 From Canada, joined Oct 1999, 626 posts, RR: 0
Reply 5, posted (8 years 8 months 2 weeks 3 days 18 hours ago) and read 2119 times:

Quoting Yyz717 (Reply 3):
With an 84% load factor, there is not much upward revenue potential though. Hence, AC must continue to reduce costs drastically

Agreed with all things being equal that revenue potential could be squeezed, but with the new E-Jets coming online, AC will be growing capacity which should help increase revenue potential going forward.

As AC turns over their workforce, their salary costs should reduce as new hires into the company will either be on the bottom of the pay scale or be on a "B" pay scale.


User currently offlineYeggerman From Canada, joined Mar 2005, 143 posts, RR: 0
Reply 6, posted (8 years 8 months 2 weeks 3 days 17 hours ago) and read 2092 times:

Is this a profit which includes the sale of aeroplan or is this without the aeroplan money?


"All great things must come to an end"
User currently offlineChrisA330 From Canada, joined Oct 1999, 626 posts, RR: 0
Reply 7, posted (8 years 8 months 2 weeks 3 days 17 hours ago) and read 2051 times:

Some comments relating to the 777/787 order. Milton still wants these airplanes. However, he stated that there is no way we'll see a 777 flying in ACs colours in 2006. The May/June deliveries were reallocated to a "european carrier" I presume AF.

Also, in reponse to a question "Is Airbus still in the running for this contract?" Milton mentioned that relating to the 777/787 is not a matter of if, but a matter of when. Looks like they're waiting for the CIRB issue to be resolved.

[Edited 2005-08-04 18:22:50]

User currently offlineOlympus69 From Canada, joined Jun 2002, 1737 posts, RR: 7
Reply 8, posted (8 years 8 months 2 weeks 3 days 16 hours ago) and read 1987 times:

Quoting Yeggerman (Reply 6):
Is this a profit which includes the sale of aeroplan or is this without the aeroplan money?

$116mil profit excluding non-recurring items such as sale of Aeroplan.


User currently offlineAC7E7 From Canada, joined Oct 2004, 641 posts, RR: 23
Reply 9, posted (8 years 8 months 2 weeks 3 days 16 hours ago) and read 1956 times:

Quoting Yyz717 (Reply 3):
With an 84% load factor, there is not much upward revenue potential though. Hence, AC must continue to reduce costs drastically. Anything that can be done to reduce the still-too-high labour costs should be pursued. AC remains relatively inefficient wrt unit costs.

Agreed. Fuel costs will also be a factor, but if AC can hedge a portion of it, it will help. Over the last couple of years airlines have been hoping that fuel will come down, but it doesn't look like it anymore.



Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.
User currently offlineCslusarc From Canada, joined May 2005, 829 posts, RR: 0
Reply 10, posted (8 years 8 months 2 weeks 3 days 15 hours ago) and read 1924 times:

On the call...
They discussed that they lost two 777 slots. They were hopeful to reach an agreement with pilots. Long haul fleet plans: AC isn't looking for used aircraft yet. As rents remain high, AC is hoping that high fuel prices may burst the bubble. AC expects a bankruptcy by other carriers between now an next summer will lead to a bunch of aircraft on the market. AC will wait, hoping for AC lease rates to fall. Expect to see more "North America configured" 763ers and 762ers flying intercontinentally with Air Canada Club class.



--cslusarc from YWG
User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 69
Reply 11, posted (8 years 8 months 2 weeks 3 days 15 hours ago) and read 1875 times:

Quoting Cslusarc (Reply 10):
On the call...
They discussed that they lost two 777 slots. They were hopeful to reach an agreement with pilots. Long haul fleet plans: AC isn't looking for used aircraft yet. As rents remain high, AC is hoping that high fuel prices may burst the bubble. AC expects a bankruptcy by other carriers between now an next summer will lead to a bunch of aircraft on the market. AC will wait, hoping for AC lease rates to fall. Expect to see more "North America configured" 763ers and 762ers flying intercontinentally with Air Canada Club clas

According to the ILFC website, Air Canada, is to lease a used A340-300 for a period of 5 years. It seems that the Airbus A340 still has some more years of live in Air Canada's fleet.

http://ilfc.com/press/2005%20Air%20Canada2.htm

Regards,
Wings



Aviation Is A Passion.
User currently offlineChrisA330 From Canada, joined Oct 1999, 626 posts, RR: 0
Reply 12, posted (8 years 8 months 2 weeks 3 days 14 hours ago) and read 1851 times:

Quoting WINGS (Reply 11):
According to the ILFC website, Air Canada, is to lease a used A340-300 for a period of 5 years. It seems that the Airbus A340 still has some more years of live in Air Canada's fleet.

This aircraft was being planned to join the fleet even before the 777/787 order. Along with 3 767-300s and 2 767-200.

The A340 is now flying in the Star Alliance scheme at C-FDRO


User currently offlineDFORCE1 From Canada, joined Jul 2005, 505 posts, RR: 0
Reply 13, posted (8 years 8 months 2 weeks 3 days 14 hours ago) and read 1815 times:

Does anybody know what Jazz's operating figures are? Did they make a profit as well?

User currently offlineCslusarc From Canada, joined May 2005, 829 posts, RR: 0
Reply 14, posted (8 years 8 months 2 weeks 3 days 13 hours ago) and read 1767 times:

Wings, AC was discussing additional fleet additions for 2006. I'm thinking that AC wants 2-3 more A343s or A345s (or even A346s) for next summer in addition to perhaps more 767-300ERs.


--cslusarc from YWG
User currently offlineACYWG From Canada, joined Feb 2005, 265 posts, RR: 0
Reply 15, posted (8 years 8 months 2 weeks 3 days 12 hours ago) and read 1728 times:

Quoting Yyz717 (Reply 3):
This represents an operating profit of 7.2%. These results are surprisingly good. Albeit for only 1 quarter of course.

Oh my lord! Yyz717 actually said someing non-degrading about AC!...Somebody get a doctor! something must be wrong!


User currently offlineBmacleod From Canada, joined Aug 2001, 2195 posts, RR: 0
Reply 16, posted (8 years 8 months 2 weeks 2 days 19 hours ago) and read 1572 times:

Quoting Cslusarc (Reply 14):
I'm thinking that AC wants 2-3 more A343s or A345s (or even A346s)

Wasn't the 346 order cancelled? This is a new aircraft and doesn't AC needs its pilots to accept large new aircraft?

[Edited 2005-08-05 15:55:23]


The engine is the heart of an airplane, but the pilot is its soul.
User currently offlineYOWza From Canada, joined Jul 2005, 4845 posts, RR: 16
Reply 17, posted (8 years 8 months 2 weeks 2 days 18 hours ago) and read 1548 times:

Good news for AC. Now the trick is to do it again and again and again.

Any idea when AC plans to refit the interiors of the older 767s. I fly YOW - LHR frequently and the 767s I've been on recently have interiors that are simply falling apart. Things peeling, rattling, torn fabric, non functioning seats etc. Reminds me a bit of Air Afrique back in the day!! (more so when I'm lucky enough to get a mainly Francophone cabin crew fully equipped with attitude)  biggrin 

YOWza



12A whenever possible.
User currently offlineAccargo From Canada, joined Sep 2004, 610 posts, RR: 8
Reply 18, posted (8 years 8 months 2 weeks 2 days 18 hours ago) and read 1533 times:

Quoting Bmacleod (Reply 16):
Wasn't the 346 order cancelled? This is a new aircraft and doesn't AC needs its pilots to accept large new aircraft?

The 340 pay and rules are already set in the contract, so ACE can add as many as it wants.


User currently offlineAccargo From Canada, joined Sep 2004, 610 posts, RR: 8
Reply 19, posted (8 years 8 months 2 weeks 2 days 18 hours ago) and read 1537 times:

Quoting YOWza (Reply 17):
Any idea when AC plans to refit the interiors of the older 767s. I fly YOW - LHR frequently and the 767s I've been on recently have interiors that are simply falling apart.

As announced already, refurbishment of the 767 will commence in Oct/Nov of this year. I believe they will start with the 767-300's then the -200's.


User currently offlineBmacleod From Canada, joined Aug 2001, 2195 posts, RR: 0
Reply 20, posted (8 years 8 months 2 weeks 2 days 17 hours ago) and read 1506 times:

Quoting Accargo (Reply 19):
I believe they will start with the 767-300's then the -200's.

I believe the official AC news release specified only the 767-300 were to be refitted with 777-type cabins....



The engine is the heart of an airplane, but the pilot is its soul.
User currently offlineAccargo From Canada, joined Sep 2004, 610 posts, RR: 8
Reply 21, posted (8 years 8 months 2 weeks 2 days 17 hours ago) and read 1501 times:

Quoting Bmacleod (Reply 20):
I believe the official AC news release specified only the 767-300 were to be refitted with 777-type cabins....

All acft are to be fitted with the new interiors (new carpet, seat fabric, AVOD) The 767-300 will also get the new J ("lie-flat") seats for overseas operations. The entire 767 fleet will be re-fitted as per our internal info.

I am not sure what exactly you mean with 777-type cabins, but the -200's are going to get an interior overhaul to bring them up to date.


User currently offlineBmacleod From Canada, joined Aug 2001, 2195 posts, RR: 0
Reply 22, posted (8 years 8 months 2 weeks 2 days 17 hours ago) and read 1486 times:

AC 767-300s cabins were to be upgraded to the 777 cabin design - overhead baggage compartments, ceiling, ie...identical to a 777 cabin.


The engine is the heart of an airplane, but the pilot is its soul.
User currently offlineBmacleod From Canada, joined Aug 2001, 2195 posts, RR: 0
Reply 23, posted (8 years 8 months 2 weeks 1 day 14 hours ago) and read 1369 times:

Quoting Cruiser (Reply 4):
Wow, AC should have an operating profit this year! It has been a while in coming.

This 3rd quarter is going to be tight, especially with all the cancelled flights and $60 crude. Oil should start to gradually fall after Labour Day though not by much and AC should be able to manage a sizeable profit for the year--their first since 2002.



The engine is the heart of an airplane, but the pilot is its soul.
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