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ACE (Air Canada) Q1 Results: Net And Oper. Loss  
User currently offlineSafeFlyer From Canada, joined Jan 2001, 627 posts, RR: 5
Posted (7 years 3 months 3 weeks 14 hours ago) and read 3236 times:

ACE enterpises posted their first quarter results today after most other majors in North America. Despite all the cuts, AC is still loosing money. The first quarter is indeed ususally slow, but with all the strong load factors they've posted, it's hard to imagine what their breaking point is. Historically, Q1 profits have been dismal. Opinions?

Net loss: 72 million $
Operating loss: 20 million $

http://micro.newswire.ca/release.cgi...ey=1505117680&view=65938-0&Start=0

9 replies: All unread, jump to last
 
User currently offlineSunriseValley From Canada, joined Jul 2004, 4954 posts, RR: 5
Reply 1, posted (7 years 3 months 3 weeks 12 hours ago) and read 3135 times:

In his report Montie Brewer stated ..quote

He also noted the new Embraer E190 fleet produced direct operating costs 20 per cent lower than the Airbus A319 fleet on a per trip basis.


User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 2, posted (7 years 3 months 3 weeks 11 hours ago) and read 3103 times:

transborder fares are still very cut throat. AC needs to quit trying to stimulate traffic and price for profitability.

User currently offlineSunriseValley From Canada, joined Jul 2004, 4954 posts, RR: 5
Reply 3, posted (7 years 3 months 3 weeks 1 hour ago) and read 2957 times:

Quoting WorldTraveler (Reply 2):
transborder fares are still very cut throat. AC needs to quit trying to stimulate traffic and price for profitability.

I was just looking at a YYZ-LAX fare at about $C700 compared to BUF-LAX at $C350. Big incentive to drive to BUF.!


User currently offlineScrubbsYWG From Canada, joined Mar 2007, 1495 posts, RR: 0
Reply 4, posted (7 years 3 months 3 weeks ago) and read 2945 times:

the had a good pass sale on. i got an eastern NA pass where i flew YWG-LGA and YWG-BOS round trip for less than 700 All in. I was happy with that fare.

User currently offlineConnies4ever From Canada, joined Feb 2006, 4066 posts, RR: 13
Reply 5, posted (7 years 3 months 2 weeks 6 days 20 hours ago) and read 2839 times:

Load factors are one thing, yield is another.

BTW, AC itself posted a loss of $34M, last year $126M for the same period.
It was ACE (whichencompasses AC, Jazz, ACTS, and Aeroplan) which posted the $72M loss.

See: http://www.cbc.ca/money/story/2007/05/11/acedistribution.html

Accounting is a black art in any event.



Nostalgia isn't what it used to be.
User currently offlineMultimark From Canada, joined Jul 2006, 796 posts, RR: 0
Reply 6, posted (7 years 3 months 2 weeks 6 days 17 hours ago) and read 2770 times:

Quoting SunriseValley (Reply 1):
He also noted the new Embraer E190 fleet produced direct operating costs 20 per cent lower than the Airbus A319 fleet on a per trip basis.

Is that based on the flights when the junkle jets actually made it off the tarmac?


User currently offlineSunriseValley From Canada, joined Jul 2004, 4954 posts, RR: 5
Reply 7, posted (7 years 3 months 2 weeks 6 days 17 hours ago) and read 2752 times:

Quoting Multimark (Reply 6):
s that based on the flights when the junkle jets actually made it off the tarmac?

By definition it must refer to actual operations. The E190 is not the first aircraft to have a "slow" EIS . I believe in other threads AC insiders have talked about other presently in service types which they characterized as Hangar Queens during
their EIS phase.


User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 8, posted (7 years 3 months 2 weeks 6 days 14 hours ago) and read 2683 times:

Quoting SunriseValley (Reply 3):
I was just looking at a YYZ-LAX fare at about $C700 compared to BUF-LAX at $C350.

you can file any fare you want but what the customer actually pays is something entirely different. Canadian fares are largely one-way which means it is very easy to get good discounts if you plan - which many businesses are able to do.


User currently offlineSunriseValley From Canada, joined Jul 2004, 4954 posts, RR: 5
Reply 9, posted (7 years 3 months 2 weeks 6 days 12 hours ago) and read 2627 times:

Quoting WorldTraveler (Reply 8):
you can file any fare you want but what the customer actually pays is something entirely different.

You may be right; I was checking Expedia for about Aug 8th and these are the numbers that I got.


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