Air Canada sliter også, og skal kutte og spare

[Someone]

* Tapte CAD$727 siste kvartal, hvilken vel er i "SAS-klassen"
* Kutter kapasiteten med 3,5%
* Kostnade x-fuel økte kraftig og selskapet må kutte i kostnadene

http://news.airwise.com/story/view/1234554719.html

Air Canada reported a worse than expected quarterly loss on Friday on waning passenger revenue and sharply higher costs, and said it aims to wrest more savings from operations to preserve cash.

In the fourth quarter, Air Canada lost CAD$727 million, down from a year-earlier profit of CAD$35 million.

Operating revenue fell marginally to CAD$2.5 billion from CAD$2.51 billion.

Shares in Canada's biggest airline fell 23 percent on the Toronto Stock Exchange as investors fretted over its ability to ride out the recession

The airline said last month it was laying off another 345 flight attendants

[CK]

Air Canada reports deep loss, shares drop
(Source : Reuters, February 13, 2009)

Air Canada reported a worse than expected quarterly loss Friday on waning passenger revenue and sharply higher costs, and said it aims to wrest more savings from operations to preserve cash. Shares fell 23% as investors fretted over its ability to ride out the recession. CE Montie Brewer said the carrier aims to reduce costs by C$100m in 2009, while reducing capacity by up to 3.5%. It has already targeted up to $40m in savings by seeking concessions from its suppliers. 'Although oil prices have since retreated, our tight-capacity strategy remains valid today as demand weakens given the global economic crisis,' Brewer told analysts. It also warned that the recession may put more pressure on its revenues in 2009. It said it has up to $1b of assets it could use to increase its liquidity if needed.

Full Story: http://news.airwise.com/story/view/1234554719.html

[CK]

Årsresultatet endte vel på én milliard kanadiske dollars om jeg ikke har lest feil. Puh!