Table 3
Income statement, 2007 and 2008

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Income statement, 2007 and 2008
  Levels I and II Level III Levels I to III
2007 2008 Change from  2007 to 2008 2007 2008 Change from  2007 to 2008 2007 2008 Change from  2007 to 2008
  thousands of dollars percent thousands of dollars percent thousands of dollars percent
Operating revenues  
Scheduled services 13,009,382 13,926,444 7.0 292,998 316,842 8.1 13,302,380 14,243,287 7.1
Passengers 12,352,938 13,248,970 7.3 220,284 239,534 8.7 12,573,221 13,488,504 7.3
Goods 656,444 677,474 3.2 72,715 77,308 6.3 729,159 754,782 3.5
Charter services 1,407,443 1,576,554 12.0 688,213 769,785 11.9 2,095,656 2,346,339 12.0
Passengers 1,033,277 1,186,968 14.9 571,745 643,758 12.6 1,605,022 1,830,726 14.1
Goods 374,166 389,586 4.1 116,468 126,027 8.2 490,634 515,613 5.1
Other flying services 0 0 ... 19,991 27,746 38.8 19,991 27,746 38.8
Subsidies 0 0 ... 0 0 ... 0 0 ...
Net incidental air transport related revenue 632,439 715,725 13.2 178,097 154,316 -13.4 810,536 870,040 7.3
Total operating revenues 15,049,263 16,218,723 7.8 1,179,300 1,268,689 7.6 16,228,563 17,487,411 7.8
Operating expenses  
Maintenance, ground property and equipment 74,645 90,076 20.7 26,551 36,546 37.6 101,195 126,622 25.1
Aircraft operations 7,178,432 8,626,139 20.2 561,043 651,534 16.1 7,739,475 9,277,672 19.9
Maintenance, flight equipment 1,468,521 1,432,551 -2.4 244,039 242,903 -0.5 1,712,560 1,675,453 -2.2
General services and administration 4,647,438 4,740,119 2.0 197,114 204,558 3.8 4,844,552 4,944,678 2.1
Depreciation 627,834 805,782 28.3 64,750 65,614 1.3 692,584 871,397 25.8
Total operating expenses 13,996,871 15,694,668 12.1 1,093,497 1,201,155 9.8 15,090,367 16,895,822 12.0
Operating income (loss) 1,052,392 524,055 -50.2 85,803 67,534 -21.3 1,138,196 591,589 -48.0
Non-operating income (expenses)  
Capital gains (losses), net 22,356 -24,460 ... 6,423 6,122 -4.7 28,779 -18,338 ...
Interest and discount income 71,291 58,660 -17.7 1,372 1,075 -21.6 72,664 59,736 -17.8
Interest expenses 389,649 373,186 -4.2 21,366 20,200 -5.5 411,015 393,386 -4.3
Miscellaneous non-operating income (expenses), net 396,146 -790,934 ... -7,598 4,665 ... 388,548 -786,268 ...
Total non-operating income (expenses), net 100,144 -1,129,920 ... -21,168 -8,337 -60.6 78,976 -1,138,257 ...
Income (loss) before provision for income taxes 1,152,537 -605,865 ... 64,635 59,197 -8.4 1,217,172 -546,668 ...
Provision for income taxes (tax refund) 290,337 119,286 -58.9 17,215 13,158 -23.6 307,552 132,444 -56.9
Net income (loss) 862,200 -725,151 ... 47,420 46,038 -2.9 909,620 -679,112 ...
Note(s):
Level I air carriers. This includes every Canadian air carrier that, in each of the two calendar years immediately preceding the reporting year, transported at least 1 million revenue passengers, or at least 200 thousand tonnes of revenue goods.
Level II air carriers. This includes every Canadian air carrier that, in each of the two calendar years immediately preceding the reporting year, transported at least 100 thousand but fewer than 1 million revenue passengers, or at least 30 thousand but less than 200 thousand tonnes of revenue goods.
Level III air carriers. This includes every Canadian air carrier that, in each of the two calendar years immediately preceding the reporting year, realized annual gross revenues of at least 1 million dollars for the air services for which the air carrier held a licence.