January 10, 2005
Air Canada filled more seats in December than a year earlier, with its passenger load factor setting a record for the month, the country's largest airline said on Monday.
Passenger load factor is a key indicator of an airline's financial performance, measuring the average number of seats sold as a proportion of those available.
Air Canada's system-wide load factor rose to 75.2 percent in December, a record level for the month, from 72 percent a year earlier.
Passenger traffic at Air Canada's mainline carrier rose 1 percent, while capacity fell 3.3 percent.
Air Canada emerged from 18 months of court protection at the end of the third quarter with a pared back network, fleet and work force.
At Jazz, Air Canada's regional subsidiary, passenger traffic rose 6.2 percent, while capacity fell 7.4 percent. Its December load factor rose to 68.2 percent from 59.4 percent in December 2003.
Great news. Shows the airline is using the right aircraft on the right routes. Keep it up!