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Air Canada reported a basic loss of $8 million in the fourth quarter of 1998 (seasonally adjusted). Basic income or loss is measured by combining the operating income (before capital gains, miscellaneous items and tax) with interest expenses and interest income.
Air Canada had reported a loss of roughly $200 million in the third quarter of 1998. The company noted that they experienced a pilot strike during September 1998, but that income had deteriorated since the record third quarter of 1997. Prior to the third quarter of 1998, Air Canada had reported eight consecutive quarters of basic incomes, averaging $60 million per quarter.
Canadian Airlines Ltd. reported a basic loss of $64 million in the fourth quarter of 1998 (seasonally adjusted). Prior to the third quarter, Canadian Airlines Ltd. had reported four consecutive quarters in which their seasonally adjusted basic income did not go below zero.
Available on CANSIM: matrix 385 (series 7-9).
Financial data for the fourth quarter of 1998 on civil aviation (Air Canada and Canadian Airlines Ltd.) will appear in the April issue of Aviation: service bulletin (51-004-XIB, $8/$82). A print-on-demand service is also available at a different price. See How to order publications.
For more information, or to enquire about the concepts, methods and data quality of this release, contact Robert Lund (613-951-0125) or Lisa Di Piétro (613-951-0146), Aviation Statistics Centre, Transportation Division.