MONTREAL — As Air Canada reported a record load factor for the year 2014 it also announced that it may leave Toronto’s downtown island airport.

“While Air Canada’s traffic and load factor at Billy Bishop Toronto City Airport increased in 2014 over the previous year, as part of its continuing cost transformation initiatives, Air Canada is assessing the viability of Billy Bishop operations based on current imposed terminal rates and terms,” said a statement from the carrier.

For the month of December 2014, Air Canada reported a near record system load factor of 82.6%, its second highest system load factor ever on a system-wide capacity increase of 8.5%, versus a load factor of 82.7% in December 2013. On this additional capacity, system wide traffic for December increased 8.3%. For the full year 2014, load factor was a record 83.4%, versus 82.8% in 2013, an increase 0.6 percentage points.

Air Canada reports traffic results on a system-wide basis, including Air Canada rouge, which began operations on July 1, 2013, and regional airlines from which Air Canada purchases capacity.

According to Calin Rovinescu, President and Chief Executive Officer, “led by an increase in traffic in the U.S. transborder market of 16.2%, Air Canada generated greater traffic for the month of December in all markets the airline serves. These strong results, for both the month and full year, underscore the effectiveness of our commercial strategy focusing on international growth and the strategic deployment of Air Canada rouge to compete more effectively in leisure markets”.