Continued Strong EBITDAR Margins
Non-GAAP Financial Measures
Leverage Ratio
•
Leverage ratio is commonly used in the airline industry and is used by Air Canada as a means
to measure financial leverage. Leverage ratio is calculated by dividing adjusted net debt by
trailing 12-month EBITDAR (excluding special items)
Free Cash Flow
•
Free cash flow is commonly used in the airline industry and is used by Air Canada as an
indicator of the financial strength and performance of its business, indicating the amount of
cash Air Canada is able to generate from operations and after capital expenditures. Free cash
flow is calculated as net cash flows from operating activities minus additions to property,
equipment and intangible assets, and is net of proceeds from sale-leaseback transactions
125View entire presentation