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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Glass Lewis Recommends Aimia Shareholders Vote In Favour Of Aeroplan Transaction And Stated Capital Reduction
Wednesday, 19 Dec 2018 

Dec 18 (Reuters) - Aimia Inc ::GLASS LEWIS RECOMMENDS AIMIA SHAREHOLDERS VOTE IN FAVOUR OF AEROPLAN TRANSACTION AND STATED CAPITAL REDUCTION.IN REACHING ITS RECOMMENDATION, GLASS LEWIS NOTED "CERTAINTY OF VALUE FOR AEROPLAN BUSINESS" THAT A SALE WOULD BRING FOR COMPANY.AIMIA- GLASS LEWIS HAS RECOMMENDED CO'S SHAREHOLDERS VOTE FOR TRANSACTION RESOLUTION ON PROPOSED SALE OF AIMIA CANADA TO AIR CANADA.  Full Article

Air Canada Exec Says 17 To 20 Pct Margin Guidance For 2019 Excludes Impact Of Aeroplan Transaction
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Air Canada ::EXPECTS TRAFFIC STABILISING IN CARRIBEAN AFTER DIFFICULT Q3 - CO EXEC, CONF CALL.17-20 PERCENT MARGIN GUIDANCE FOR 2019 EXCLUDES IMPACT OF AEROPLAN TRANSACTION - CO EXEC, CONF CALL.  Full Article

Air Canada Inaugurates Two New Transborder Routes From Alberta
Sunday, 28 Oct 2018 

Oct 29 (Reuters) - Air Canada ::AIR CANADA INAUGURATES TWO NEW TRANSBORDER ROUTES FROM ALBERTA.  Full Article

Air Canada Expands Presence In North Carolina
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Air Canada ::AIR CANADA EXPANDS ITS PRESENCE IN NORTH CAROLINA WITH A NEW ROUTE AND ENHANCED SERVICES TO RALEIGH AND CHARLOTTE.  Full Article

Air Canada mobile app breach affects 20,000 people - CBC News
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - :AIR CANADA SAYS PERSONAL INFORMATION FOR ABOUT 20,000 CUSTOMERS "MAY POTENTIALLY HAVE BEEN IMPROPERLY ACCESSED" VIA BREACH IN ITS MOBILE APP - CBC NEWS.AIR CANADA HAS LOCKED DOWN ALL 1.7 MILLION ACCOUNTS AS A PRECAUTION UNTIL CUSTOMERS CHANGE THEIR PASSWORDS - CBC NEWS.  Full Article

Air Canada Expands Acceptance Of Alipay And Wechat Pay To North American And Hong Kong Websites
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Air Canada ::AIR CANADA EXPANDS ACCEPTANCE OF ALIPAY AND WECHAT PAY TO NORTH AMERICAN AND HONG KONG WEBSITES.  Full Article

Air Canada Reports Q2 Adj. Earnings Per Share $0.41
Friday, 27 Jul 2018 

July 27 (Reuters) - Air Canada ::REPORTS SECOND QUARTER 2018 RESULTS.QTRLY ADJUSTED EARNINGS PER SHARE $0.41.QTRLY AIR CANADA'S COST PER AVAILABLE SEAT MILE INCREASED 5.6 PER CENT FROM Q2 OF 2017.QTRLY LOSS PER SHARE $0.28.EXPECTS POSITIVE FREE CASH FLOW IN RANGE OF $350 TO $500 MILLION IN 2018.QTRLY OPERATING REVENUES $ 4,333 MILLION VERSUS $ 3,910 MILLION REPORTED LAST YEAR.QTRLY PASSENGER REVENUE PER RPM (“YIELD”) 17.3 CENTS VERSUS 17.0 CENTS REPORTED LAST YEAR.SEES ADJUSTED CASM FOR Q3 2018 INCREASE OF 2.0% TO 3.0%.QTRLY PASSENGER REVENUE PER ASM ("PRASM") 14.4 CENTS VERSUS 14.0 CENTS.SEES ADJUSTED CASM FOR FULL YEAR 2018 TO RANGE BETWEEN A DECREASE OF 0.5% TO AN INCREASE OF 1.0%.FOR Q3 EXPECTS ADJUSTED CASM (WHICH EXCLUDES FUEL EXPENSE, COST OF GROUND PACKAGES AT VACATIONS & SPECIAL ITEMS) TO RISE 2 TO 3 PER CENT VERSUS Q3 2017.CONTINUES TO EXPECT TO ACHIEVE AN ANNUAL EBITDAR MARGIN OF 17-20 PER CENT IN 2019 AND 2020.QTRLY ADJUSTED CASM 10.6 CENTS VERSUS 10.7 CENTS.Q2 OF 2018 INCLUDED A LOSS ON DISPOSAL OF ASSETS OF $186 MILLION AND LOSSES ON FOREIGN EXCHANGE OF $25 MILLION.Q2 EARNINGS PER SHARE VIEW C$0.28, REVENUE VIEW C$4.31 BILLION -- THOMSON REUTERS I/B/E/S.ESTIMATE WILL BE ABLE TO MITIGATE ABOUT 75 PER CENT OF EXPECTED 2018 ANNUAL FUEL PRICE INCREASE THROUGH FARE INCREASES, OTHER INITIATIVES.FOR FY 2018 NOW EXPECTS DEPRECIATION, AMORTIZATION AND IMPAIRMENT EXPENSE TO INCREASE BY ABOUT $125 MILLION FROM FULL YEAR 2017.  Full Article

UPDATE 1-Apple, Amazon called out for "incorrect" Taiwan, Hong Kong references

TAIPEI/SHANGHAI, Jan 17 One of China's top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei.