- Gross billings for Q1 2014 were $717.2 million, an increase of 27.8% over Q1 2013, boosted by a $100 million contribution from TD related to Aeroplan program changes.
- Adjusted EBITDA was $132.6 million for Q1 2014, an increase of 60.1% over Q1 2013.
- Free cash flow before dividends paid was $60.5 million for Q1 2014, compared to negative $9.5 million for Q1 2013, driven by strong growth in gross billings and lower than expected redemptions.