What Happened to the Net Income?

Air Canada Logo

We’re going to be talking about the results from Air Canada this week in PlaneBusiness Banter, but for those of you who haven’t had a chance to glance at their financial results — just a heads up. When was the last time you saw an airline report quarterly results and not report a net income figure?

Yeah, they’re real fun to try and dissect.

Not only that, but the operational stats they give for the airline this quarter are shown only in terms of percentage changes, so one can’t easily compare actual cost/ASM numbers, or RASM numbers, for example, with those posted by other airlines.

Quarterly earnings reports should not be an exercise in “Hide and Seek.”

Speaking of all things north of the border, WestJet is scheduled to report its fourth quarter numbers tomorrow. (Wednesday)