Air Canada FY2014 net income up from FY2013

Air Canada said it has reported full year adjusted net income of USD531 million or USD1.81 per diluted share, compared to adjusted net income of USD340 million or USD1.20 per diluted share in 2013, an improvement of USD191 million or USD0.61 per diluted share.

EBITDAR amounted to USD1.671 billion compared to EBITDAR (excluding the impact of benefit plan amendments) of USD1.433 billion in 2013, an improvement of USD238 million or 16.6 percent. On a GAAP basis, Air Canada reported 2014 operating income of USD815 million, an increase of USD196 million or 31.7 percent from 2013. The airline reported net income of USD105 million or USD0.34 per diluted share in 2014 compared to net income of USD10 million or USD0.02 per diluted share in 2013.

“In 2014, Air Canada achieved its best full year financial performance in the Corporation´s 77-year history,” said Calin Rovinescu, President and Chief Executive Officer.