Air Canada load factor down from year ago in October, capacity up

MONTREAL – Air Canada (TSX:AC.B) flights were a bit less full in October compared with a year ago as the airline added capacity faster than passenger traffic grew.

The airline reported Tuesday that its load factor slipped to 81.3 per cent last month, down from 82.9 per cent a year ago.

Capacity as measured by available seat miles increased 3.2 per cent compared with a year ago, while traffic in revenue passenger miles increased 1.3 per cent.

The lower load factor for the airline’s Atlantic flights fell to 78 per cent from 81.5 per cent a year ago, while Pacific flights fell to 83.5 per cent from 89.8 per cent.

The airline’s Canadian flights improved to 83.8 per cent, up from 83.2 per cent, while U.S. transborder flights had a load factor of 79.3 per cent, up from 78.6 per cent.

Flights to Latin America and the Caribbean saw their load factor improve to 81.3 per cent, up from 77.1 per cent.