Air Canada reports March traffic

    MONTREAL, April 3 /CNW Telbec/ - For the month of March, system traffic
on a consolidated basis for Air Canada and Jazz rose 3.7 per cent on a
capacity increase of 3.9 per cent system wide. This resulted in a load factor
of 82.9 per cent versus 83.0 per cent in March 2007.
    The mainline carrier flew 3.6 per cent more revenue passenger miles
(RPMs) in March 2008 than in March 2007, according to preliminary traffic
figures. Capacity increased by 3.9 per cent, resulting in a load factor of
83.5 per cent, compared to 83.7 per cent in March 2007; a decrease of
0.2 percentage points.
    Jazz, from which Air Canada purchases regional capacity, flew 4.8 per
cent more RPMs in March 2008 than in March 2007, according to preliminary
traffic figures. Capacity increased by 4.1 per cent, resulting in a load
factor of 76.5 per cent, compared to 76.0 per cent in March 2007; an increase
of 0.5 percentage points.
    "For the month of March, Air Canada reported continued growth in traffic
with an increase of 3.7 per cent on a combined basis with Jazz," said Montie
Brewer, President and Chief Executive Officer. "Our sustained growth year over
year was led by the domestic and international markets where we continue to
see strong demand. With the delivery of our twelfth Boeing 777 aircraft, and
another six planned for delivery by April 2009, we continue to renew our fleet
by replacing older aircraft with the most modern, fuel efficient aircraft
available. I am particularly proud of our employees who worked so hard to take
care of customers during another month of challenging winter conditions."

    CAUTION REGARDING FORWARD-LOOKING INFORMATION

    This disclosure may include forward-looking statements within the meaning
of applicable securities laws. Forward-looking statements are based on
assumptions, are subject to important risks and uncertainties and cannot be
relied upon due to, amongst other things, changing external factors and
general uncertainties of the business. Results indicated in forward-looking
statements may differ materially from actual results due to a number of
factors, including without limitation, energy prices, general industry, market
and economic conditions, currency exchange and interest rates, competition,
war, terrorist acts, epidemic diseases, insurance issues and costs, changes in
demand due to the seasonal nature of the business, the ability to reduce
operating costs, employee and labour relations, pension issues, supply issues,
changes in laws, regulatory developments or proceedings, pending and future
litigation and actions by third parties, as well as the factors (including
assumptions) identified in Air Canada's public disclosure file and accessible
through SEDAR at www.sedar.com. Any forward-looking statements contained in
this disclosure represent Air Canada's expectations as of the date of this
disclosure and are subject to change after such date. Air Canada disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except as
required under applicable securities regulations.-------------------------------------------------------------------------
                             AIR CANADA MAINLINE
                           (Includes Jetz & Tier 3)
    -------------------------------------------------------------------------
                               MARCH                     YEAR-TO-DATE
                      -------------------------------------------------------
                        2008    2007  Change        2008     2007  Change
    -------------------------------------------------------------------------
    Traffic
     (RPMs
     millions)         4,092   3,948    +3.6%     11,286   10,836    +4.2%
    -------------------------------------------------------------------------
    Capacity
     (ASMs
     millions)         4,898   4,716    +3.9%     13,996   13,407    +4.4%
    -------------------------------------------------------------------------
    Load Factor         83.5%   83.7%   -0.2 pts    80.6%    80.8%   -0.2 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs     1,025   1,010    +1.5%      2,908    2,809    +3.5%
              ---------------------------------------------------------------
    Canada    ASMs     1,236   1,198    +3.2%      3,564    3,416    +4.3%
              ---------------------------------------------------------------
              Load
               Factor   82.9%   84.3%   -1.4 pts    81.6%    82.2%   -0.6 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs       769     777    -1.0%      2,149    2,156    -0.3%
    U.S.      ---------------------------------------------------------------
     Trans-   ASMs       942     952    -1.1%      2,722    2,776    -1.9%
     border   ---------------------------------------------------------------
              Load
               Factor   81.6%   81.6%    0.0 pts    78.9%    77.7%   +1.2 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs       971     938    +3.5%      2,502    2,431    +2.9%
              ---------------------------------------------------------------
    Atlantic  ASMs     1,119   1,081    +3.5%      3,169    2,974    +6.6%
              ---------------------------------------------------------------
              Load
               Factor   86.8%   86.8%    0.0 pts    79.0%    81.7%   -2.7 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs       705     696    +1.3%      1,935    1,920    +0.8%
              ---------------------------------------------------------------
    Pacific   ASMs       839     806    +4.1%      2,349    2,305    +1.9%
              ---------------------------------------------------------------
              Load
               Factor   84.0%   86.4%   -2.4 pts    82.4%    83.3%   -0.9 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs       622     527   +18.0%      1,792    1,520   +17.9%
    Latin     ---------------------------------------------------------------
     America  ASMs       762     679   +12.2%      2,192    1,936   +13.2%
     & Other  ---------------------------------------------------------------
              Load
               Factor   81.6%   77.6%   +4.0 pts    81.8%    78.5%   +3.3 pts
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                   AIR CANADA'S REGIONAL CAPACITY PROVIDER
                                   (JAZZ)
    -------------------------------------------------------------------------
                               MARCH                     YEAR-TO-DATE
                      -------------------------------------------------------
                        2008    2007  Change        2008     2007  Change
    -------------------------------------------------------------------------
    Traffic
     (RPMs
     millions)           372     355    +4.8%      1,045      978    +6.9%
    -------------------------------------------------------------------------
    Capacity
     (ASMs
     millions)           486     467    +4.1%      1,411    1,328    +6.3%
    -------------------------------------------------------------------------
    Load Factor         76.5    76.0%   +0.5 pts    74.1     73.6%   +0.5 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs       280     257    +8.9%        796      721   +10.4%
              ---------------------------------------------------------------
    Canada    ASMs       356     330    +7.9%      1,034      944    +9.5%
              ---------------------------------------------------------------
              Load
               Factor   78.7%   77.9%   +0.8 pts    77.0%    76.4%   +0.6 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs        92      98    -6.1%        249      257    -3.1%
    U.S.      ---------------------------------------------------------------
     Trans-   ASMs       130     137    -5.1%        377      384    -1.8%
     border   ---------------------------------------------------------------
              Load
               Factor   70.8%   71.5%   -0.7 pts    66.0%    66.9%   -0.9 pts
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                                   COMBINED
                       (AIR CANADA MAINLINE AND JAZZ)
    -------------------------------------------------------------------------
                               MARCH                     YEAR-TO-DATE
                      -------------------------------------------------------
                        2008    2007  Change        2008     2007  Change
    -------------------------------------------------------------------------
    Traffic
     (RPMs
     millions)         4,464   4,303    +3.7%     12,331   11,814    +4.4%
    -------------------------------------------------------------------------
    Capacity
     (ASMs
     millions)         5,384   5,183    +3.9%     15,407   14,735    +4.6%
    -------------------------------------------------------------------------
    Load Factor         82.9%   83.0%   -0.1 pts    80.0%    80.2%   -0.2 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs     1,305   1,267    +3.0%      3,704    3,530    +4.9%
              ---------------------------------------------------------------
    Canada    ASMs     1,592   1,528    +4.2%      4,598    4,360    +5.5%
              ---------------------------------------------------------------
              Load
               Factor   82.0%   82.9%   -0.9 pts    80.6%    81.0%   -0.4 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs       861     875    -1.6%      2,398    2,413    -0.6%
    U.S.      ---------------------------------------------------------------
     Trans-   ASMs     1,072   1,089    -1.6%      3,099    3,160    -1.9%
     border   ---------------------------------------------------------------
              Load
               Factor   80.3%   80.3%    0.0 pts    77.4%    76.4%   +1.0 pts
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
              RPMs     2,298   2,161    +6.3%      6,229    5,871    +6.1%
              ---------------------------------------------------------------
    Inter-    ASMs     2,720   2,566    +6.0%      7,710    7,215    +6.9%
     national ---------------------------------------------------------------
              Load
               Factor   84.5%   84.2%   +0.3 pts    80.8%    81.4%   -0.6 pts
    -------------------------------------------------------------------------%SEDAR: 00001324EF



For further information:
For further information: Isabelle Arthur (Montréal), (514) 422-5788;
Peter Fitzpatrick (Toronto), (416) 263-5576; Angela Mah (Vancouver), (604)
270-5741; Internet: aircanada.com