”We are very pleased with the results of the first quarter but as any sports fan knows one good period or a strong quarter does not mean you can relax for the rest of the game,” according to CEO Michael Rousseau.
”Our first-quarter financial results exceeded both internal and external expectations and we expect demand to persist, supported by strong advance books for the remainder of the year,” he adds.
Passenger capacity; measured by available seat miles, rose by 53% in the first quarter on planes that were 85% full.
Air Canada’s Mark Galardo says strong demand has allowed the airline to raise fares higher than inflation and other economic indicators.
”People want to travel.”