Air Canada Reports Record January Traffic

Air Canada has reported a January 2009 load factor of 78.1% on a consolidated basis with Jazz, versus 77.9% in January 2008, an increase of 0.2 percentage points. System traffic decreased 8.5% on a capacity reduction of 8.8% system wide.

Air Canada mainline reported a load factor of 79.4% in January
2009 compared to 78.7% in January 2008; an increase of 0.7 percentage points. The mainline carrier flew 7.7% fewer revenue passenger miles
(RPMs) in January 2009 than in January 2008 on a capacity decrease of 8.5%.

Jazz, from which Air Canada purchases regional capacity, reported a load factor of 64.9%, a decrease of 4.5 percentage points from 69.4% in January 2008. Capacity decreased by 11.9% from January 2008 and the carrier flew 17.7% fewer RPMs than in the previous January.

"For the month of January, Air Canada reported a record 78.1% load factor, on a consolidated basis with Jazz," said Montie Brewer, President and Chief Executive Officer. "These strong results, following five consecutive years of record load factors, reflect effective capacity management as we continue to focus on ensuring our assets are efficiently utilized. With a new and refurbished fuel efficient fleet, industry-leading onboard product and an innovative revenue model with a proven track record of success, Air Canada is well positioned to manage through the challenges that the New Year will bring."

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