Glossary

  • ASKs:
    Stands for “available seat kilometers” and represents aircraft seating capacity multiplied by the number of kilometers the seats are flown.
  • CASK:
    Stands for “cost per available seat kilometer” and represents operating expenses divided by available seat kilometers (ASKs).
  • CASK ex-fuel:
    Represents operating expenses other than fuel divided by available seat kilometers (ASKs).
  • EBITDAR:
    Stands for “Earnings before interest, taxes, depreciation, amortization, and restructuring and rent costs” and it is calculated as revenue minus expenses, excluding taxes, interests, depreciation, amortization, restructuring and rental costs.
  • Load factor:
    Represents the percentage of aircraft seating capacity that is actually used and is calculated by dividing revenue passenger kilometers (RPKs) by available seat kilometers (ASKs).
  • RASK:
    Stands for “operating revenue per available seat kilometer” and represents operating revenue divided by available seat kilometers.
  • RPKs:
    Stands for “revenue passenger kilometers” and represents the number of kilometers flown by passengers.
  • Aircraft utilization:
    Represents the average number of block hours operated every day for each aircraft.