TRANSFORMING INTO A GLOBAL CHAMPION
FINANCIAL TARGETS
Financial Targets 2016-2018*
Target
FY 2015
Q3 2016
EBITDAR margin
15-18%
18.3%
19.0%
(on a 12-month trailing basis)
ROIC (return on invested capital)
13-16%
18.3%
15.5%
(on a 12-month trailing basis)
Leverage ratio by end of 2018
2.2
2.5
2.5
Air Canada remains on track to reducing CASM by 21%, excluding the impact of
foreign exchange and fuel prices, by the end of 2018 when compared to 2012
•
Air Canada assumes relatively low to modest Canadian GDP growth for the period 2016-2018
• Air Canada assumes a continuing relationship between the price of jet fuel and the value of the Canadian dollar whereby
increases and decreases in the cost of fuel continue to be respectively associated, to some degree, with increases and
decreases in the value of the Canadian dollar
*As reported on November 7, 2016
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