Wednesday, March 09, 2005

Oh Please! - Air Canada Posts Profit After Currency Gain

Air Canada Posts Profit After Currency Gain

ACE said it earned C$15 million ($12.4 million), or 17 Canadian cents a share in the quarter. That compared with a loss of C$768 million, or C$6.39 a share a year earlier, which included C$560 million of reorganization and restructuring charges. .................

In a statement, Robert Milton, president, chief executive and chairman of ACE, said the company exceeded its target of C$1.1 billion of earnings before interest, taxes, depreciation and aircraft rental (EBITDAR) in 2004 and remained committed to increasing that figure to C$1.6 billion for 2005.

As if the term EBITDA doesnt sound dumb enough...........now EBITDAR?

.............The last time I looked, aircrafts were an essential part of an airline. Trying to separate this figure from the cost of operations looks a little like window dressing to me.

Tell me about the cash..............its all about the cash flow!

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