Air Canada expects capacity growth in 2012

This story is sourced from Pro
See more Pro news »

Air Canada anticipates that capacity will increase by 0.5% to 1.5% for the full year, in updated guidance released today.

System and domestic available seat miles are expected to grow at the same rate, says Michael Rousseau, chief financial officer of Air Canada, at the Credit Suisse Global Credit Products conference in Miami Beach today.

The Montreal-based Star Alliance carrier also expects unit costs excluding fuel and ground packages at its vacation subsidiary to increase by 0.5% to 1.5% for the full year.

Air Canada is focused on cost cuts, which includes shorter aircraft turnaround times, by end of the 2012.