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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Air Canada Suspends 2019 Financial Guidance In Light Of Boeing 737 Max Grounding
Friday, 15 Mar 2019 

March 15 (Reuters) - Air Canada ::AIR CANADA SUSPENDS 2019 FINANCIAL GUIDANCE IN LIGHT OF BOEING 737 MAX GROUNDING.AIR CANADA - CONTINUES TO ADAPT CONTINGENCY PLAN TO ADDRESS EVOLVING SITUATION.AIR CANADA - GUIDANCE PROVIDED FOR YEARS 2020 AND 2021 WITH RESPECT TO ANNUAL EBITDA MARGIN AND ANNUAL ROIC REMAINS IN PLACE.AIR CANADA - FINANCIAL GUIDANCE PROVIDED FOR YEARS 2020 AND 2021 WITH RESPECT TO CUMULATIVE FREE CASH FLOW REMAINS IN PLACE.AIR CANADA - AFTER TRANSPORT CANADA'S SAFETY NOTICE CLOSING CANADIAN AIRSPACE TO BOEING 737 MAX AIRCRAFT UNTIL FURTHER NOTICE, CO SUSPENDS 2019 GUIDANCE.AIR CANADA - SUSPENDS FY GUIDANCE ALSO POST FEDERAL AVIATION ADMINISTRATION'S TEMPORARY GROUNDING ORDER & BOEING'S DECISION TO SUSPEND MAX DELIVERIES.  Full Article

Air Canada Comments On Canada's Closure Of Airspace To Boeing 737 MAX
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Air Canada ::AIR CANADA RESPONDS TO TRANSPORT CANADA'S CLOSURE OF CANADIAN AIRSPACE TO THE BOEING 737 MAX AIRCRAFT.AIR CANADA - WORKING TO REBOOK IMPACTED CUSTOMERS AS SOON AS POSSIBLE.AIR CANADA - WILL COMPLY WITH TRANSPORT CANADA'S SAFETY NOTICE CLOSING CANADIAN AIRSPACE TO BOEING 737 MAX AIRCRAFT OPERATIONS UNTIL FURTHER NOTICE..AIR CANADA - CUSTOMERS CAN EXPECT DELAYS IN REBOOKING AND IN REACHING AIR CANADA CALL CENTRES.AIR CANADA - CO'S 737 MAX OPERATIONS ON AVERAGE CARRY NINE TO TWELVE THOUSAND CUSTOMERS PER DAY.AIR CANADA - AIR CANADA'S CANCELLATION AND REBOOKING POLICIES ARE IN PLACE WITH FULL FEE WAIVER FOR AFFECTED CUSTOMERS..  Full Article

Canada officials to brief media about Boeing 737 MAX 8 aircraft, still see no reason to ground planes - source
Tuesday, 12 Mar 2019 

March 12 (Reuters) - WestJet Airlines Ltd ::CANADA TRANSPORT MINISTER MARC GARNEAU TO HOLD NEWS CONFERENCE ON WEDNESDAY TO DISCUSS BOEING 737 MAX 8 AIRCRAFT, AVIATION SAFETY AND SECURITY - STATEMENT.CANADA TRANSPORT MINISTER WILL GIVE UPDATE ABOUT WHAT OTTAWA KNOWS ABOUT BOEING 737 MAX 8 AIRCRAFT, OFFICIALS SEE NO REASON AT THIS TIME TO GROUND PLANES - GOVERNMENT SOURCE.  Full Article

Air Canada Executive Says Can Grow Narrowbody Fleet If Needed To Compete With Ultra Low-Cost Carriers
Tuesday, 5 Mar 2019 

Air Canada ::AIR CANADA EXECUTIVE SAYS CAN GROW NARROWBODY FLEET IF NEEDED TO COMPETE WITH ULTRA LOW-COST CARRIERS.  Full Article

Air Canada Renews Strategic Partnership With American Express
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Air Canada ::AIR CANADA RENEWS STRATEGIC PARTNERSHIP WITH AMERICAN EXPRESS FOR ITS PARTICIPATION IN AIR CANADA'S NEW LOYALTY PROGRAM.AIR CANADA - NEW PREMIUM AMERICAN EXPRESS CARD PRODUCTS TO LAUNCH WITH AIR CANADA'S NEW LOYALTY PROGRAM IN 2020.AIR CANADA - 10-YEAR DEAL WILL PROVIDE CONTINUITY FOR JOINT CUSTOMERS.AIR CANADA - COMPANIES WILL EXPAND AND DEEPEN THEIR PARTNERSHIP IN CONSUMER, SMALL BUSINESS AND CORPORATE SPACE.AIR CANADA - 10-YEAR AGREEMENTS COVER CREATION OF NEW CO-BRANDED PAYMENT CARDS, OTHERS.  Full Article

Air Canada - Leverage Ratio Of No More Than 1.2 By End Of 2019
Thursday, 28 Feb 2019 

Air Canada ::AIR CANADA INCREASES KEY FINANCIAL TARGETS FOR 2019-2021.AIR CANADA - LEVERAGE RATIO OF NO MORE THAN 1.2 BY END OF 2019.AIR CANADA - TARGETS FOR 2019-2021: ANNUAL ROIC OF 16 TO 20 PERCENT.AIR CANADA - TARGETS ANNUAL EBITDA MARGIN OF 19 PERCENT TO 22 PERCENT FOR 2019-2021.AIR CANADA - TARGETS FOR 2019-2021: CUMULATIVE FREE CASH FLOW OF $4.0 BILLION TO $4.5 BILLION.AIR CANADA - AIR CANADA'S ADJUSTED CASM GUIDANCE FOR 2019 EXCLUDES ANY IMPACT OF AEROPLAN.  Full Article

Air Canada To Launch Seasonal Flights To Auckland, New Zealand From Vancouver
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Air Canada ::AIR CANADA TO LAUNCH SEASONAL FLIGHTS TO AUCKLAND, NEW ZEALAND FROM VANCOUVER.AIR CANADA-FINALIZED MOU WITH STAR ALLIANCE PARTNER AIR NEW ZEALAND FOR EXPANDING CURRENT ALLIANCE ARRANGEMENT TO STRATEGICALLY CO-OPERATE IN JV FORM.  Full Article

Cibc Confirms Participation In Air Canada's New Loyalty Program
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC CONFIRMS PARTICIPATION IN AIR CANADA'S NEW LOYALTY PROGRAM.CIBC - WILL BE OFFERING CREDIT CARDS UNDER AIR CANADA'S NEW LOYALTY PROGRAM WHICH IS EXPECTED TO LAUNCH IN 2020.  Full Article

Air Canada Enters Into Agreement In Principle With American Express Canada
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Air Canada ::AIR CANADA - ENTERED INTO AGREEMENT IN PRINCIPLE WITH AMERICAN EXPRESS CANADA TO SECURE ITS PARTICIPATION IN AIR CANADA'S LOYALTY PROGRAM AFTER 2020.  Full Article

Air Canada Says Michael Rousseau Appointed Deputy CEO
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Air Canada ::AIR CANADA ANNOUNCES EXECUTIVE REALIGNMENT.AIR CANADA - MICHAEL ROUSSEAU APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER.AIR CANADA - CRAIG LANDRY APPOINTED EXECUTIVE VICE PRESIDENT, OPERATIONS.  Full Article

WRAPUP 6-Ethiopia and Indonesia crash parallels heap pressure on Boeing

ADDIS ABABA/PARIS, March 18 Investigators into the Boeing Co 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker.