Table 3
Income statement, 2010 and 20111

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Income statement, 2010 and 20111
Table summary
This table provides income statement information for 2010 and 2011. There are nine columns in this table. The first three reflect data on Levels I and II air carriers; the next three on Level III air carriers; and the final three on the total of Levels I to III air carriers. The table shows details on operating revenues and expenses, which appear as rows, expressed in thousands of dollars for both time periods, which appear as column headers. Finally, the percentage change from 2010 to 2011 for each data category is shown in the final column in each of the three groupings.
  Levels I and II Level III Levels I to III
2010 2011 Change from  2010 to 2011 2010 2011 Change from  2010 to 2011 2010 2011 Change from  2010 to 2011
  thousands of dollars percent thousands of dollars percent thousands of dollars percent
Operating revenues  
Scheduled services 14,238,962 15,633,725 9.8 156,677 238,688 52.3 14,395,638 15,872,413 10.3
Passengers 13,509,565 14,863,390 10.0 136,559 197,082 44.3 13,646,124 15,060,472 10.4
Goods 729,396 770,334 5.6 20,118 41,606 106.8 749,514 811,940 8.3
Charter services 1,403,639 1,497,723 6.7 715,664 771,540 7.8 2,119,303 2,269,263 7.1
Passengers 1,083,362 1,178,148 8.7 626,898 682,400 8.9 1,710,259 1,860,549 8.8
Goods 320,277 319,574 -0.2 88,767 89,139 0.4 409,044 408,714 -0.1
Other flying services 7,240 42,546 487.6 23,641 39,318 66.3 30,881 81,864 165.1
Subsidies 2 x x x x x x x x x
Net incidental air transport related revenue 695,487 718,665 3.3 110,715 124,694 12.6 806,203 843,359 4.6
Total operating revenues 16,345,328 17,892,658 9.5 1,006,698 1,174,240 16.6 17,352,025 19,066,898 9.9
Operating expenses  
Maintenance, ground property and equipment 92,377 120,900 30.9 38,602 54,227 40.5 130,979 175,128 33.7
Aircraft operations 7,875,364 9,308,170 18.2 554,544 642,002 15.8 8,429,908 9,950,172 18.0
Maintenance, flight equipment 1,615,011 1,605,088 -0.6 167,938 180,017 7.2 1,782,949 1,785,105 0.1
General services and administration 5,077,007 5,299,160 4.4 144,970 159,607 10.1 5,221,977 5,458,767 4.5
Depreciation 855,146 1,046,607 22.4 63,082 66,281 5.1 918,228 1,112,888 21.2
Total operating expenses 15,514,904 17,379,925 12.0 969,136 1,102,134 13.7 16,484,040 18,482,060 12.1
Operating income (loss) 830,424 512,733 -38.3 37,562 72,106 92.0 867,985 584,838 -32.6
Non-operating income (expenses)  
Capital gains (losses), net -15,795 8,799 ... 4,945 6,614 33.7 -10,850 15,413 ...
Interest and discount income 31,948 154,908 384.9 14,427 2,258 -84.3 46,376 157,166 238.9
Interest expenses 429,700 380,248 -11.5 18,215 17,818 -2.2 447,915 398,066 -11.1
Miscellaneous non-operating income (expenses), net 79,282 -154,582 ... -14,922 10,569 ... 64,359 -144,013 ...
Total non-operating income (expenses), net -334,266 -371,123 11.0 -13,765 1,622 ... -348,030 -369,500 6.2
Income (loss) before provision for income taxes 496,158 141,610 -71.5 23,797 73,728 209.8 519,955 215,338 -58.6
Provision for income taxes (tax refund) 34,285 60,423 76.2 8,278 10,090 21.9 42,563 70,513 65.7
Net income (loss) 461,873 81,187 -82.4 15,519 63,638 310.1 477,392 144,825 -69.7
Canadian Level IV air carriers reported $1.2 billion in revenue in 2011, up from $1.1 billion in 2010. In 2011, the revenues for helicopters and for fixed-wing aircraft totalled $892.2 million and $262.2 million, respectively.
For reasons of confidentiality "subsidies" are included with "net incidental air transport related revenue".
Note(s):
Level I air carriers. This includes every Canadian air carrier that, in the calendar year before the year in which information is provided, transported at least 2 million revenue passengers or at least 400 thousand tonnes of cargo.

Level II air carriers. This includes every Canadian air carrier that, in the calendar year before the year in which information is provided, transported (a) at least 100 thousand but fewer than 2 million revenue passengers; or (b) at least 50 thousand but less than 400 thousand tonnes of cargo.

Level III air carriers. This includes every Canadian air carrier that (a) is not a level I air carrier or level II air carrier; and (b) in the calendar year before the year in which information is provided, realized gross revenues of at least 2 million dollars for the provision of air services for which the air carrier held a licence.

Level IV air carriers. This includes every Canadian air carrier that (a) is not a level I air carrier, level II air carrier or level III air carrier; and (b) in the calendar year before the year in which information is provided, realized gross revenues of less than 2 million dollars for the provision of air services for which the air carrier held a licence.
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