MONTREAL, August 1 /CNW Telbec/ - Air Canada will hold a conference call
for analysts on Friday, August 8, 2008 to present 2008 second quarter results.
Air Canada President and Chief Executive Officer, Montie Brewer, Executive
Vice President and Chief Financial Officer, Michael Rousseau, and Executive
Vice President and Chief Commercial Officer, Benjamin Smith will be available
for analysts' questions. Media and the public may access this call on a
listen-in basis. Details are as follows:ANALYST CONFERENCE CALL / AUDIO WEBCAST

    Date:         Friday, August 8, 2008

    Time:         9:30 a.m. ET

    By telephone: 1-800-952-4972 toll free or (416) 641-2140 for the Toronto
                  area. Please allow 10 minutes to be connected to the
                  conference call.

    Webcast:
http://events.startcast.com/events/launch.asp?EventID=4038243C-E2FF-435A-8E9A-
413CF220523E. Note: This is a listen-only audio
             webcast. Media Player or Real Player is required to listen to
             the broadcast; please download well in advance of call.

    Replay:  Instant replay will be available beginning approximately one
             hour after the call. Dial 416-695-5800 or 1-800-408-3053 toll
             free and enter the pass code 3266613#, until
             midnight ET Friday, August 15, 2008.

    Note:    A slide presentation will be available at approx. 8:00 a.m.,
             Friday, August 8, 2008 for viewing at
             http://www.aircanada.com/en/investors/quarterly.html. This
             presentation is not intended for simultaneous viewing with the
             conference call.2008 second quarter results will be released prior to the opening of
markets and the conference call on Friday, August 8, 2008.