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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

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22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Air Canada partners with Adyen to expand local payment methods
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Air Canada :Air Canada expands acceptance of alternative payments for international transactions to support global growth strategy.Air Canada - ‍announced a partnership with Adyen that will expand range of local payment methods available to customers​.  Full Article

Air Canada establishes automatic share purchase plan
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Air Canada :Air Canada establishes automatic share purchase plan.Normal course issuer bid to purchase for cancellation, up to 22.4 million class A variable voting shares and class B voting shares​.Issuer bid commenced on May 31, 2017 and is scheduled to terminate on May 30, 2018​.  Full Article

Air Canada reports record third quarter 2017 results
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Air Canada :Air Canada reports record third quarter 2017 results.Q3 adjusted earnings per share c$3.43.Q3 earnings per share c$6.44.Air Canada qtrly adjusted CASM 9.2‍​ cents versus 9.4 cents.Air Canada - Q3 operating revenue C$‍​4,880 million versus C$4,451 million.Air Canada - qtrly passenger revenue per RPM 16.6 cents versus 16.6 cents.Q3 earnings per share view C$3.28, revenue view C$4.88 billion -- Thomson Reuters I/B/E/S.Air Canada - ‍for Q4 of 2017, Air Canada expects adjusted casm to decrease 0.5 to 1.5 per cent when compared to Q4 of 2016​.Air Canada - qtrly passenger revenue per ASM 14.2 cents versus 14.2 cents.Air Canada - ‍now expects 2017 aircraft maintenance expense to increase by approximately $70 million from full year 2016​.Air Canada - ‍continues to expect positive free cash flow in range of $600 million to $900 million in 2017​.Air Canada - ‍continues to expect to achieve an annual ebitdar margin of 17 to 19 per cent in 2017​.Air Canada - ‍taking into account co's new methodology for calculating ROIC, co now expects annual ROIC of 13.5 to 14.5 per cent in 2017​.Air Canada - reiterating guidance‍​ for EBITDAR margin, ROIC, free cash flow for 2018 – 2020.  Full Article

Air Canada says is in receipt of TSB report on incident involving AC624 in March 2015
Thursday, 18 May 2017 

May 18 (Reuters) - Air Canada ::Air Canada is in receipt of TSB report on incident involving AC624 in March 2015.Is continuing discussions with Transport Canada on new requirements tying approach minimums to airport runway lighting.Air Canada has amended its procedures with respect to approaches during periods of severe and adverse weather phenomena.Air Canada says is reviewing emergency response plans.  Full Article

Air Canada announces pricing of C$1.25 bln refinancing
Monday, 26 Sep 2016 

Air Canada : Transaction would generate annualized interest expense savings of approximately C$60 million . Intends to use net proceeds from sale of 2016 senior notes to pay redemption price for all of Air Canada's outstanding senior secured notes . Air Canada announces pricing of C$1.25 billion refinancing . Transaction would reduce outstanding indebtedness by approximately C$355 million .Transaction would increase unencumbered assets by C$650 million to approximately C$2 billion.  Full Article

Air Canada to launch non-stop Montreal-Shanghai flights
Friday, 23 Sep 2016 

Air Canada : To launch non-stop Montreal-Shanghai flights .Introduction of daily year-round flights from Montreal to Shanghai, China beginning February 16, 2017.  Full Article

Air Canada announces conditional notices of redemption for all of its outstanding 6.750% senior secured notes due 2019
Tuesday, 6 Sep 2016 

Air Canada : Air canada announces conditional notices of redemption for all of its outstanding 6.750% senior secured notes due 2019, 7.625% senior secured notes due 2019 and 8.750% senior second lien notes due 2020, subject to completion of proposed refinancing transaction . Intends to redeem all of second lien notes at a price equal to 100% of principal amount of second lien notes .Intends to redeem 10% of U.S. Dollar notes and canadian dollar notes at a price equal to 103.000% of principal amount of such notes.  Full Article

Air Canada Q2 adjusted earnings per share $0.72
Friday, 29 Jul 2016 

Air Canada : In q2 of 2016, system passenger revenues of $3.143 billion increased $61 million or 2.0 per cent from q2 of 2015 . Air canada qtrly adjusted casm decreased 1.1 per cent from q2 of 2015 . Air canada says continues to expect depreciation, amortization and impairment expense to increase by $150 million from full year 2015 . Now expects fy aircraft maintenance expense to increase by $165 million from full year 2015 . As part of its assumptions, air canada assumes relatively low to modest canadian gdp growth for period 2016 to 2018 . Q2 earnings per share view c$0.57, revenue view c$3.52 billion -- Thomson Reuters I/B/E/S . All figures in c$ . Air canada says for q3 of 2016, expects adjusted casm to decrease between 5.5 to 6.5 per cent when compared to q3 of 2015 . Air canada reports second quarter 2016 results . Continues to expect full year 2016 ebitdar to increase 4 to 8 per cent from record full year 2015 ebitdar . Qtrly adjusted earnings per share $0.72 . Qtrly earnings per share $0.66 . Capital expenditures for second half of 2016 are expected to amount to $437 million. . Air canada says for full year 2016, air canada now expects adjusted casm to decrease between 2.75 to 3.75 per cent . Q2 operating revenue c$ 3,458 million versus. c$3,414 million last year . On track to reducing casm by 21 per cent, excluding impact of foreign exchange and fuel prices, by end of 2018 when compared to 2012.  Full Article

Air canada signs Pratt & Whitney PurePower engine services agreement
Wednesday, 13 Jul 2016 

Pratt & Whitney : Air canada signs pratt & whitney purepower® engine services agreement .Air canada signs services agreement with pratt & whitney for 15 years.  Full Article

Air Canada, Bombardier finalize C Series order for up to 75 aircrafts
Tuesday, 28 Jun 2016 

Bombardier Inc : Air Canada and Bombardier finalize landmark C Series order for up to 75 aircraft . Deliveries are scheduled to begin in late 2019 and extend to 2022 . Says amount would increase to $6.3 billion should Air Canada exercise all 30 option aircraft . Bombardier says purchase agreement includes a firm order for 45 CS300 aircraft and options for an additional 30 CS300 aircraft .Says at list price, firm order for 45 cs300 aircraft is valued at about $3.8 billion.  Full Article

AIRSHOW-Bombardier in talks to reshuffle Delta CSeries deliveries

DUBAI, Nov 12 Bombardier Inc is in talks to reshuffle Delta Air Line CSeries delivery slots with other customers in case a trade dispute holds up the U.S. carrier's order, a senior executive said on Sunday.