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Air Canada Inc. - ACDVF STOCK NEWS

Welcome to our dedicated news page for Air Canada (Ticker: ACDVF), a resource for investors and traders seeking the latest updates and insights on Air Canada.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Air Canada's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Air Canada's position in the market.

Rhea-AI Summary
Air Canada (ACDVF) to present at 2024 J.P. Morgan Industrials Conference on March 12, 2024. Live webcast details provided.
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0.15%
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Rhea-AI Summary
Air Canada reports strong financial results for Q3 2023 with operating revenues of $6.344 billion, a 19% increase from the previous year. Operating income reached $1.415 billion, more than double from a year ago. Adjusted EBITDA grew by $773 million to $1.83 billion, representing an adjusted EBITDA margin of nearly 29%. The leverage ratio decreased from 5.1 to 1.4.
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-0.91%
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Rhea-AI Summary
Air Canada reported strong financial results for the second quarter of 2023. Operating revenues increased by 36% to $5.427 billion compared to the same quarter last year. The company achieved operating income of $802 million, a significant improvement from the operating loss of $253 million in the second quarter of 2022. Adjusted EBITDA reached $1.220 billion with a margin of 22.5%, showing a remarkable improvement of over $1 billion from the previous year. The company also reported positive net cash flows from operating activities of $1.490 billion and free cash flow of $965 million. Air Canada's leverage ratio decreased from 3.2 to 1.7 at the end of June 2023.
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Air Canada Inc.

OTC:ACDVF

ACDVF Rankings

ACDVF Stock Data

4.78B
357.75M
0.17%
13.63%
Scheduled Passenger Air Transportation
Transportation and Warehousing
Link
Canada
Saint Laurent

About ACDVF

air canada is canada's largest full-service airline and the largest provider of scheduled passenger services in the canadian market, the canada-u.s. transborder market and in the international market to and from canada. together with its air canada express regional partners, air canada serves close to 35 million passengers annually and provides direct passenger service to more than 175 destinations on five continents. air canada is a founding member of star alliance™, the world's most comprehensive air transportation network. air canada est le plus important transporteur aérien à prestations complètes du canada et le plus grand fournisseur de services passagers réguliers sur les marchés canadien, transfrontalier (canada-états-unis) et international au départ et à destination du canada. avec ses partenaires commerciaux régionaux d'air canada expressmd, air canada accueille plus de 35 millions de passagers chaque année et assure des services passagers directs pour plus de 175 destination