Welcome to our dedicated page for Air Canada news (Ticker: ACDVF), a resource for investors and traders seeking the latest updates and insights on Air Canada stock.
Air Canada (ACDVF), Canada's flag carrier and a Star Alliance founding member, operates one of the most comprehensive air networks in North America. This page aggregates all official announcements, financial disclosures, and operational updates directly from the company and verified sources.
Investors and industry observers will find timely updates on quarterly earnings, fleet expansions, route developments, and partnership agreements. Content spans press releases about cargo operations, passenger service innovations, sustainability initiatives, and strategic regional collaborations through Air Canada Express.
All materials are organized chronologically to track the airline's evolving market position. Key areas covered include financial performance metrics (reported per regulatory standards), leadership changes affecting corporate strategy, and operational adjustments responding to aviation industry trends.
For ongoing monitoring of Air Canada's market activities, bookmark this page or check regularly for the latest verified updates. Combine this resource with SEC filings and investor relations materials for complete due diligence.
Air Canada (ACDVF) reported record operating revenues of $22.255 billion for full year 2024, up 2% year-over-year, with fourth quarter revenues of $5.404 billion, up 4%. The company achieved full year operating income of $1.263 billion and adjusted EBITDA of $3.586 billion, showing year-over-year decreases of $1.016 billion and $396 million respectively.
Notable developments include the completion of their share buyback program, cancelling all 35.7 million shares available under their normal course issuer bid, with over 20 million shares purchased in 2024. The company's leverage ratio increased to 1.4 from 1.1 at the end of 2023. For 2025, Air Canada maintains its guidance with projected adjusted EBITDA of $3.4-3.8 billion and capacity growth of 3-5% versus 2024.
Air Canada unveiled its long-term strategic plan at its 2024 Investor Day, setting ambitious 2028 targets including $30 billion in operating revenues and a minimum 17% adjusted EBITDA margin. The company reaffirmed its 2024 guidance and presented 2025 projections, including ASM capacity growth of 3-5% and adjusted EBITDA between $3.4-3.8 billion.
The airline's strategy focuses on network expansion, customer experience enhancement, and consistent margin expansion while maintaining strong balance sheet management. Key 2030 aspirations include exceeding $30 billion in operating revenues, achieving 18-20% adjusted EBITDA margin, and reducing fully diluted share count to below 300 million shares.
Air Canada reported third quarter 2024 financial results with operating revenues of $6.1 billion, a 4% decrease year-over-year. Operating income was $1.040 billion and adjusted EBITDA was $1.523 billion, decreasing $375 million and $307 million respectively compared to 2023. The company generated cash flows from operating activities of $737 million and free cash flow of $282 million, representing year-over-year increases of $329 million and $147 million. Air Canada announced a new share buyback program and updated its 2024 guidance, projecting approximately 5% capacity increase and adjusted EBITDA of about $3.5 billion.
Air Canada reported its second quarter 2024 financial results with operating revenues of $5.5 billion, marking a 2% year-over-year increase. The company generated an operating income of $466 million, a steep decline of $336 million from the previous year. Adjusted EBITDA stood at $914 million, down $306 million year-over-year.
Net income for Q2 2024 was $410 million, translating to $1.04 diluted earnings per share, compared to $838 million or $2.34 respectively in Q2 2023. Adjusted net income was $369 million or $0.98 per share. Operating expenses increased by $428 million to $5.053 billion. Despite these challenges, the company reported healthy demand and a 10-percentage-point improvement in on-time performance.
Air Canada also highlighted plans to increase ASM capacity by 4%-4.5% in Q3 2024 and 5.5%-6.5% for the full year. The company secured eight additional Boeing 737-8 aircraft to further diversify its network.
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.
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