Air Transport World

Canada. (World Airline Report 1989)

Air Atlantic: Impressive growth in traffic and revenues highlighted 1989 as the Canadian Airlines Partner increased its fleet of Dash 8s to 15 from 10 and lauched new cross-border service from Halifax to Bangor and Portland in Maine. This year, it will acquire its first jets--three BAe 146-200s--and will initiate business-class service with them.

Passenger boardings were up by a third to 500,000 and RPKs surged 54.8% to 209 million last year. Revenues climbed 28% to $38 million.

Air Canada: Reasonable traffic growth but "disappointing" financial results market 1989 at the newly privatized carrier.

On the traffic front, Air Canada reported increases of 2% to 13,616,109 in passenger boardings, 4.7% to 26.2 billion in RPKs and 1.1% to 782.5 million in FTKs. Revenues rose 7.3% during the year to $3.1 billion but higher fuel costs and "unexpected" yield declines late in the year held operating income level at $92 million, a margin the carrier called "clearly inadequate." Net income rose to a record $125. …

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