NAV Canada's 2011 outlook positive; ANSP launches traffic flow initiative

NAV CANADA’s outlook for FY2011 is improving after a solid first quarter. With traffic and revenues increasing at better-than-anticipated rates and expenses lower than initially expected, the company is looking forward to a very strong year. [1063 words]

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This report contains the following subheadings:

• Robust recovery in traffic
• Revenue better than expected
• Operating costs up, but not as much as expected
• Charges outlook: no change anticipated
• Launches new traffic flows initiative

This report contains the following charts and tables:

• NAV CANADA traffic by weighted charging units
• NAV CANADA revenue breakdown: 1QFY2011
• CIFRE projected cumulative cost savings: 1997 to 2016 (projected)