Air Canada capacity to increase in 2013

Washington DC
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Air Canada anticipates a 1.5% to 3% increase in system capacity in 2013.

The growth will come from the delivery of new aircraft, including two Boeing 777-300ERs in its mainline fleet and six Bombardier Dash-8 Q400s at its contract carrier Jazz Aviation, during the year.

"It's a number of individual factors that contribute a small amount," says Calin Rovinescu, president and chief executive of Montreal-based Air Canada, on the growth during an earnings call on 8 November.

Fourth quarter capacity is expected to increase by up to 1% and full year 2012 capacity by 0.75% to 1.25%, according to the airline.

Full year capacity guidance tightened from a 0.5% to 1.5% increase that was disclosed in August.

Adjusted cost per available seat mile (CASM) is anticipated to decrease by 2% to 3% in the fourth quarter versus 2011. It is expected to grow by 0.75% to 1.25% for the full year.