News
Air Canada reports July load factor of 83.0 per cent

Aug. 11, 2008, Montreal -For the month of July, Air Canada has
reported a load factor of 83.0 per cent on a consolidated basis with Jazz,
matching a July 2005 record, versus 81.8 per cent in July 2007, an increase of
1.2 percentage points. System traffic decreased 0.6 per cent on a capacity
decrease of 2.0 per cent system wide.
       

The mainline carrier flew 0.1 per cent fewer revenue passenger miles (RPMs) in July 2008 than in July 2007, according to preliminary traffic
figures. Capacity decreased by 1.8 per cent, resulting in a load factor of
84.0 per cent for the month compared to 82.5 per cent in July 2007; an
increase of 1.5 percentage points.
       

Jazz, from which Air Canada purchases regional capacity, flew 7.1 per
cent fewer RPMs in July 2008 than in July 2007, according to preliminary
traffic figures. Capacity decreased by 4.3 per cent, resulting in a load
factor of 72.1 per cent, compared to 74.2 per cent in July 2007; a decrease of
2.1 percentage points.
       

"With a load factor of 83 per cent for the month of July, Air Canada
matched a previous record for the month set in July 2005," said Montie Brewer,
President and Chief Executive Officer. "As expected, demand in North America
has softened somewhat as the industry adjusts fares to reflect record prices
for fuel. Demand on U.S. transborder routes was also impacted by the weakness
in the U.S. economy. However, through prudent capacity management, we adjusted
operations effectively. I am especially proud of our employees who again
exceeded On-Time Performance and Customer Satisfaction objectives for the
month as they work hard to earn the loyalty of our customers."