Welcome to our dedicated page for AIR CANADA VTG & VAR news (Ticker: $ACDVF), a resource for investors and traders seeking the latest updates and insights on AIR CANADA VTG & VAR stock.
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Air Canada reported total operating revenues of $5.2 billion in the first quarter of 2024, a 7% increase year over year. The airline achieved an operating income of $11 million and adjusted EBITDA of $453 million. Despite a net loss of $81 million, Air Canada remains confident in its ability to meet its 2024 guidance, with a strong balance sheet and free cash flow generation. The company plans to increase its ASM capacity by 7% for the second quarter of 2024.
