Table EC24: Financial Performance of Transportation Industries, 2012-2022

Table EC24: Financial Performance of Transportation Industries, 2012-2022
		(millions of dollars)

		2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
CN and CP – Canadian Operations
	Operating Revenues	11,100	11,704	12,945	13,090	12,589	13,600	14,971	16,010	15,609	16,040	18,281
	Operating Expenses	8,501	8,631	9,274	8,456	7,563	8,368	9,560	10,088	9,786	10,073	11,302
	Operating Profit (Loss)	2,599	3,073	3,670	4,634	5,027	5,232	5,411	5,922	5,823	5,966	6,979
	Operating Ratio¹	76.6	73.7	71.6	64.6	60.1	61.5	64	63	63	63	62

Regional Railways²
	Operating Revenues	355	385	379	327	257	250	289	330	279	310	347
	Operating Expenses	251	251	235	260	254	263	266	368	199	230	276
	Operating Profit (Loss)	104	134	143	67	3	(13)	22	(38)	80	81	71
	Operating Ratio¹	70.6	65.1	62.2	79.5	98.7	105.3	92	112	71	74	79

Short Line Railways³
	Operating Revenues ^R	348	373	449	660	502	687	638	638	120	135	54
	Operating Expenses ^R	313	326	422	552	473	593	580	556	185	125	99
	Operating Profit (Loss)^R	35	47	27	108	29	94	58	82	(65)	10	(45)
	Operating Ratio¹^R	90.0	87.5	94.0	83.6	94.2	86.3	91	87	155	93	183

Air Canada and Affiliates
	Operating Revenues ^R	11,381	11,536	12,318	12,914	13,243	14,712	16,322	16,548	4,880	6,133	15,294
	Operating Expenses^R	10,813	10,782	11,319	11,245	11,884	13,163	14,807	15,016	4,391	8,286	15,131
	Operating Profit (Loss)^R	567	754	999	1669	1359	1549	1,515	1,532	489	(2,154)	162
	Operating Ratio¹^R	95.0	93.5	91.9	87.1	89.7	89.5	91	91	90	135	99

WestJet
	Operating Revenues	3,427	3,662	3,977	4,029	4,123	4,507	4,733	5,147	1,690	1,700	4,555
	Operating Expenses	3,052	3,263	3,501	3,460	3,683	4,074	4,534	4,756	2,424	2,476	4,986
	Operating Profit (Loss)	376	400	475	570	440	433	199	391	(734)	(775)	(431)
	Operating Ratio¹	89.0	89.1	88.0	85.9	89.3	90.4	96	92	143	146	109

VIA Rail
	Operating Revenues	264	258	265	281	307	349	375	394	81	313	323
	Operating Subsidies	279	308	317	280	268	265	273	281	416	371	354
	Operating Expense	583	599	567	659	741	756	785	906	728	405	750
	Operating Ratio¹	220.6	231.7	214.0	234.7	241.3	216.7	209	230	901	129	232

Transit Industry
	Operating Revenues^R	3,893	4,107	4,240	4,385	4,439	4,579	4,803	5,150	2,507	2,654	3,925
	Operating Subsidies^R	3,593	3,843	4,044	4,405	4,469	5,119	5,039	5,861	8,163	8,282	8,048
	Total Costs^R	9,565	10,083	10,592	11,262	11,564	12,070	12,810	14,207	14,516	16,016	17,243
	Cost Recovery Ratio⁴^R	40.7	40.7	40.0	38.9	38.4	37.9	37	36	17	17	17

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Table EC24: Financial Performance of Transportation Industries, 2012-2022

Table EC24: Financial Performance of Transportation Industries, 2012-2022

Notes and Sources