Table 4
Income Statement – Canadian air carriers, Levels I and II – First quarter of 2005 and 2006

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Income Statement – Canadian air carriers, Levels I and II – First quarter of 2005 and 2006
  2005 2006 Change from 2005 to 2006
  thousands of dollars percent
Operating revenues  
Scheduled services 2,441,592 2,812,176 15.2
Passengers 2,292,608 2,657,108 15.9
Goods 148,984 155,067 4.1
Charter services 362,105 451,466 24.7
Passengers 321,190 358,671 11.7
Goods 40,915 92,795 126.8
Other flying services 1 x x x
Subsidies 1 x x x
Net incidental air transport related revenue 118,324 100,881 -14.7
Total operating revenues 2,922,021 3,364,522 15.1
Operating expenses  
Maintenance, ground property and equipment 13,111 11,905 -9.2
Aircraft operations 1,353,417 1,650,399 21.9
Maintenance, flight equipment 211,023 398,864 89.0
General services and administration 1,213,145 1,170,634 -3.5
Depreciation 96,906 117,278 21.0
Total operating expenses 2,887,602 3,349,080 16.0
Operating income (loss) 34,419 15,442 -55.1
Non-operating income (expenses)  
Capital gains (losses), net 1,434 3,860 169.1
Interest and discount income 6,930 14,003 102.0
Interest expenses 60,988 54,998 -9.8
Miscellaneous non-operating income (expenses), net -45,875 -12,418 -72.9
Total non-operating income (expenses), net -98,498 -49,553 -49.7
Income (loss) before provision for income taxes -64,079 -34,111 -46.8
Provision for income taxes (tax refund) 16,606 3,237 -80.5
Net income (loss) -80,684 -37,348 -53.7
1.
For reasons of confidentiality, other flying services and subsidies have been included with incidental air transport related revenue.
Note(s):
Level I air carriers. Level IA. This includes every Canadian air carrier that, in each of the two calendar years immediately preceding the reporting year, transported at least 6 million revenue passengers. Level IB. This includes every Canadian air carrier that, in each of the two calendar years immediately preceding the reporting year, transported at least 1 million but fewer than 6 million revenue passengers, or at least 200 thousand tonnes of revenue goods.
Level II air carriers. This includes every Canadian air carrier that, in each of the two calendar years immediately preceding the reporting year, transported at least 100 thousand but fewer than 1 million revenue passengers, or at least 30 thousand but less than 200 thousand tonnes of revenue goods.