Air Canada reports October traffic

    MONTREAL, Nov. 6 /CNW Telbec/ - Air Canada reported a consolidated load
factor of 78.6 per cent in October 2007, the highest ever for the month.
    The mainline carrier flew 2.8 per cent more revenue passenger miles
(RPMs) in October 2007 than in October 2006, according to preliminary traffic
figures. Capacity increased by 2.7 per cent, resulting in a load factor of
79.1 per cent, compared to 79.0 per cent in October 2006; an increase of
0.1 percentage points.
    Jazz, from which Air Canada purchases regional capacity, flew
2.0 per cent more RPMs in October 2007 than in October 2006, according to
preliminary traffic figures. Capacity decreased by 0.4 per cent, resulting in
a load factor of 74.2 per cent, compared to 72.5 per cent in October 2006; an
increase of 1.7 percentage points. Year over year, system traffic on a
consolidated basis for Air Canada and Jazz rose 2.7 per cent on a capacity
increase of 2.4 per cent. This resulted in a load factor of 78.6 per cent
versus 78.4 per cent in October 2006.
    "For Air Canada and Jazz, combined passenger load factor in October, at
78.6 per cent, was the highest ever recorded. System wide traffic, on a
combined basis with Jazz, increased 2.7 per cent from the previous year,
outpacing capacity growth," said Montie Brewer, President and Chief Executive
Officer. "Air Canada's innovative fare products and subscription passes
continue to attract growing numbers of customers as we renew the fleet with an
industry leading in-flight product. I am particularly proud of our employees
who met both On-Time Performance and Customer Satisfaction objectives for the
fourth and sixth consecutive months, respectively, as they continue to work
hard to earn the loyalty of our customers with the quality of their service."

    NOTE: Beginning in May 2007, Air Canada has adjusted the way it reports
its monthly traffic results. Tier 3 flying is now included in mainline results
along with Jetz. Charter flying is apportioned among the respective market
segments. The October 2006 and year-to-date traffic numbers have been adjusted
to reflect these changes for year-over-year comparisons.

    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, war, terrorist acts, labour or pension issues,
changes in laws and regulations, litigation and actions by third parties as
well as the factors identified in Air Canada's public disclosure file
accessible through SEDAR at www.sedar.com. 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

    -------------------------------------------------------------------------
                             AIR CANADA MAINLINE
                           (Includes Jetz & Tier 3)
    -------------------------------------------------------------------------
                              OCTOBER                    Year-To-Date
                      -------------------------------------------------------
                        2007    2006  Change        2007    2006  Change
    -------------------------------------------------------------------------
    Traffic
     (RPMs millions)   3,696   3,597    +2.8%     39,640  38,594    +2.7%
    -------------------------------------------------------------------------
    Capacity
     (ASMs millions)   4,675   4,553    +2.7%     48,434  47,368    +2.3%
    -------------------------------------------------------------------------
    Load Factor         79.1%   79.0%   +0.1 pts    81.8%   81.5%   +0.3 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs     1,069   1,050    +1.8%     11,194  10,763    +4.0%
              ---------------------------------------------------------------
    Canada    ASMs     1,336   1,294    +3.2%     13,701  13,405    +2.2%
              ---------------------------------------------------------------
              Load
               Factor   80.0%   81.1%   -1.1 pts    81.7%   80.3%   +1.4 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs       578     561    +3.0%      6,360   6,322    +0.6%
    U.S.      ---------------------------------------------------------------
     Trans-   ASMs       746     735    +1.5%      8,046   7,974    +0.9%
     border   ---------------------------------------------------------------
              Load
               Factor   77.5%   76.3%   +1.2 pts    79.0%   79.3%   -0.3 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs     1,010     955    +5.8%     10,859  10,537    +3.1%
              ---------------------------------------------------------------
    Atlantic  ASMs     1,294   1,236    +4.7%     12,959  12,524    +3.5%
              ---------------------------------------------------------------
              Load
               Factor   78.1%   77.3%   +0.8pts     83.8%   84.1%   -0.3 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs       743     779    -4.6%      7,470   7,409    +0.8%
              ---------------------------------------------------------------
    Pacific   ASMs       914     946    -3.4%      8,971   8,931    +0.4%
              ---------------------------------------------------------------
              Load
               Factor   81.3%   82.3%   -1.0 pts    83.3%   83.0%   +0.3 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs       296     252   +17.5%      3,757   3,563    +5.4%
    Latin     ---------------------------------------------------------------
     America  ASMs       385     342   +12.6%      4,757   4,534    +4.9%
     & Other  ---------------------------------------------------------------
              Load
               Factor   76.9%   73.7%   +3.2 pts    79.0%   78.6%   +0.4 pts
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                   AIR CANADA'S REGIONAL CAPACITY PROVIDER
                                   (JAZZ)
    -------------------------------------------------------------------------
                              OCTOBER                    Year-To-Date
                      -------------------------------------------------------
                        2007    2006  Change        2007    2006  Change
    -------------------------------------------------------------------------
    Traffic
     (RPMs millions)     363     356    +2.0%      3,602   3,192   +12.8%
    -------------------------------------------------------------------------
    Capacity
     (ASMs millions)     489     491    -0.4%      4,829   4,416    +9.4%
    -------------------------------------------------------------------------
    Load Factor         74.2    72.5%   +1.7 pts    74.6%   72.3%   +2.3 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs       273     269    +1.5%      2,705   2,385   +13.4%
              ---------------------------------------------------------------
    Canada    ASMs       354     359    -1.4%      3,516   3,210    +9.5%
              ---------------------------------------------------------------
              Load
               Factor   77.1%   74.9%   +2.2 pts    76.9%   74.3%   +2.6 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs        90      87    +3.4%        897     807   +11.2%
    U.S.      ---------------------------------------------------------------
     Trans-   ASMs       135     132    +2.3%      1,313   1,206    +8.9%
     border   ---------------------------------------------------------------
              Load
               Factor   66.7%   65.9%   +0.8 pts    68.3%   66.9%   +1.4 pts
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                                   COMBINED
                       (AIR CANADA MAINLINE AND JAZZ)
    -------------------------------------------------------------------------
                              OCTOBER                    Year-To-Date
                      -------------------------------------------------------
                        2007    2006  Change        2007    2006  Change
    -------------------------------------------------------------------------
    Traffic
     (RPMs millions)   4,059   3,953    +2.7%     43.242  41,786    +3.5%
    -------------------------------------------------------------------------
    Capacity
     (ASMs millions)   5,164   5,044    +2.4%     53,263  51,784    +2.9%
    -------------------------------------------------------------------------
    Load
     Factor             78.6%   78.4%   +0.2 pts    81.2%   80.7%   +0.5 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs     1,342   1,319    +1.7%     13,899  13,148    +5.7%
              ---------------------------------------------------------------
    Canada    ASMs     1,690   1,653    +2.2%     17,217  16,615    +3.6%
              ---------------------------------------------------------------
              Load
               Factor   79.4%   79.8%   -0.4 pts    80.7%   79.1%   +1.6 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs       668     648    +3.1%      7,257   7,129    +1.8%
    U.S.      ---------------------------------------------------------------
     Trans-   ASMs       881     867    +1.6%      9,359   9,180    +1.9%
     border   ---------------------------------------------------------------
              Load
               Factor   75.8%   74.7%   +1.1 pts    77.5%   77.7%   -0.2 pts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              RPMs     2,049   1,986    +3.2%     22,086  21,509    +2.7%
    Interna-  ---------------------------------------------------------------
     tional   ASMs     2,593   2,524    +2.7%     26,687  25,989    +2.7%
              ---------------------------------------------------------------
              Load
               Factor   79.0%   78.7%   +0.3 pts    82.8%   82.8%    0.0 pts
    -------------------------------------------------------------------------%SEDAR: 00024384EF



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