United Kingdom

Aimia qtrly EPS C$0.04

Thursday, 11 May 2017 

May 11 (Reuters) - Aimia Inc :Aimia reports first quarter 2017 results and updates on status of discussions with Air Canada.Reconfirmed 2017 guidance.Qtrly total revenue C$524.8 million versus C$570.1 million.Qtrly earnings per share $0.04.Recent discussions lead Aimia to belief that Air Canada does not currently intend to renew aeroplan partnership expiring in June 2020.Exploring post-2020 alternatives.Rupert Duchesne to retire, with interim group chief executive David Johnston to assume role permanently.Newly adopted dividend policy targets future dividend payout ratio linked to cashflow generation.Says material reduction in capital expenditures is also planned for 2018.Aimia says also reviewing business units and investments on basis of their medium-term ROIC contribution; this may lead to further asset sales.All figures in C$.