Stands for "available seat miles" and represents the number of seats available for passengers multiplied by the number of miles.
CASM:
Stands for “cost per available seat mile” and represents total operating expenses divided by available seat miles (ASMs).
CASM ex-fuel:
Represents total operating expenses excluding fuel expense divided by available seat miles (ASMs).
EBITDAR:
Stands for "Earnings before interest, taxes, depreciation, amortization and rent expense" and it is calculated as consolidated net income (loss) for the year adding back income taxes, financial income and financial costs, depreciation and amortization, and leases. EBITDAR is a non-IFRS financial measure.
Load factor:
Represents the number of miles flown by passenger (RPMs) divided by available seat miles (ASMs) and expressed as a percentage.
TRASM:
Stands for “total operating revenue per available seat mile” and represents our total operating revenue divided by our total available seat miles.
RPMs:
Stands for “revenue passenger miles” and represents the number of miles flown by passengers.
Average operating aircraft utilization:
Is calculated by block hours per aircraft per day, meaning the total number of block hours divided by the average operating fleet and divided by the number of days in the period.
Average total aircraft utilization:
Is calculated by block hours per aircraft per day, meaning the total number of block hours divided by the average total fleet and divided by the number of days in the period.
