| Document Date: 2012-05-04 05:40:11
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City Geneva / Montreal / Halifax / Zurich / Toronto / Frankfurt / Calgary / London / Brussels / / Company OVERVIEW Air Canada / Jazz Aviation LP / Air Canada / Financial Condition U.S. / A. Air Canada / / Continent Europe / / Country Japan / United States / Canada / China / / Currency cent / USD / CAD / / Event Product Release / Natural Disaster / Business Partnership / Earnings Announcement / M&A / Funding / / Facility Montreal’s Pierre Elliott Trudeau International Airport / Canadian Institute of Chartered Accountants / / IndustryTerm public communications / scheduled passenger services / transborder services / higher-yielding premium cabin services / energy prices / electronic upgrade product / airline / weather systems / information technology / / NaturalFeature Toronto Island / / Organization International Accounting Standards Board / Canadian Institute of Chartered Accountants / / Position Billy Bishop / CPA / major U.S. transborder services / Major / Jazz CPA / / Product Atlantic / Tango / Boeing 777 / / ProvinceOrState Hawaii / Florida / Ontario / / Region Canada U.S. / / Technology information technology / / URL www.sedar.com / aircanada.com / /
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Microsoft Word - MD&A - FINAL - Q1English.doc