Air Canada Reports February Traffic

Air Canada flew 4.8 per cent more revenue
passenger miles (RPMs) in February 2001 than flown by Air Canada and Canadian
together in the same month of 2000, according to preliminary traffic figures.
Capacity increased by 1.6 per cent, resulting in a load factor of 70.1 per
cent, compared with 68.0 per cent in February 2000. Capacity and traffic
figures reflect one less day of operation in 2001 versus leap year 2000;
adjustments for the extra day would add approximately 3.5 per cent to these
measurements in 2001.

According to Danielle Poudrette, Vice President Marketing, “We are
continuing to manage our load factors through the adjustment of capacity.
February traffic exceeded the capacity growth in all major markets, however,
like other North American carriers we have experienced a slowdown in business
travel. We will continue to adjust capacity with market demand while keeping
capacity flat for 2001.”