Air Canada

AC

Equity

ISIN CA0089118776 / Valor 25946351

Toronto Stock Exchange (2024-12-24)

CAD 22.24+0.82%

Air Canada
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About company

Air Canada is the largest airline in Canada and serves as the country's flag carrier, offering direct service to six continents. As a founding member of Star Alliance, the airline has established itself as a key player in the global aviation industry. With a Four-Star ranking from Skytrax, Air Canada is recognized for its high-quality service and extensive international network.

Summarized from source with an LLMView SourceSector: Industrials

Operating Revenues

In the second quarter of 2024, Air Canada reported operating revenues of $5.519 billion, marking a 2% increase compared to the same period in 2023. This growth was achieved despite a challenging economic environment, demonstrating the airline's resilience and ability to adapt to market conditions.

Operating Income

Air Canada's operating income for the second quarter of 2024 was $466 million, which represents a decrease of $336 million from the second quarter of 2023. The operating margin for this period was 8.4%, reflecting the impact of increased operating expenses.

Net Income

For the second quarter of 2024, Air Canada reported a net income of $410 million, or $1.04 diluted earnings per share. This is a significant decrease from the $838 million, or $2.34 diluted earnings per share, reported in the second quarter of 2023.

Adjusted EBITDA

Air Canada's adjusted EBITDA for the second quarter of 2024 was $914 million, down $306 million from the same quarter in 2023. The adjusted EBITDA margin was 16.6%, indicating a decline in profitability compared to the previous year.

Outlook

Looking ahead to the third quarter of 2024, Air Canada plans to increase its ASM capacity by 4% to 4.5% compared to the third quarter of 2023. For the full year 2024, the airline expects an ASM capacity increase of 5.5% to 6.5%, with adjusted CASM projected to rise by 2.5% to 3.5% and adjusted EBITDA estimated to be between $3.1 billion and $3.4 billion.

Summarized from source with an LLMView Source

Key figures

18.7%1Y

3.68%3Y

-55.2%5Y

Performance

31.6%1Y

35.5%3Y

49.4%5Y

Volatility