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Air Canada

AC.TO

Latest Trade

49.39CAD

Change

0.83(+1.71%)

Volume

866,493

Today's Range

48.28

 - 

49.87

52 Week Range

23.50

 - 

51.07

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Drone Delivery Canada Announces Commercial Agreement With Edmonton International Airport

Oct 29 (Reuters) - Drone Delivery Canada Corp <FLT.V>::DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH EDMONTON INTERNATIONAL AIRPORT.DRONE DELIVERY CANADA CORP - INITIAL TERM OF AGREEMENT IS 5 YEARS.DRONE DELIVERY CANADA - WITH ASSISTANCE OF AIR CANADA, CO ENTERED INTO COMMERCIAL AGREEMENT DATED OCT. 28 WITH EDMONTON REGIONAL AIRPORTS AUTHORITY.DRONE DELIVERY CANADA - ANNOUNCES COMMERCIAL AGREEMENT WITH EDMONTON INTERNATIONAL AIRPORT FOR PURPOSE OF ESTABLISHING AIRPORT DRONE DELIVERY HUB.

Air Canada Reports Q3 Adjusted Earnings Per Share C$2.27

Oct 29 (Reuters) - Air Canada <AC.TO>::REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$2.27.Q3 EARNINGS PER SHARE C$2.35.QTRLY OPERATING REVENUE C$5.55 BILLION VERSUS C$5.42 BILLION.Q3 EARNINGS PER SHARE VIEW C$2.34, REVENUE VIEW C$5.62 BILLION -- REFINITIV IBES DATA.FACED "SERIOUS DISRUPTION TO OUR OPERATIONS AND TO OUR COST STRUCTURE" CREATED BY BOEING 737 MAX GROUNDING IN QUARTER.MANAGED THROUGH 737 MAX GROUNDING FOR NEARLY 8 MONTHS NOW, MOST RECENTLY ADJUSTING SCHEDULE TO REMOVE AIRCRAFT UNTIL FEB. 2020.REMOVAL OF SCHEDULED 36 737 MAX AIRCRAFT DURING PEAK SUMMER SEASON EXACTED TOLL FROM FINANCIAL, ROUTE, PRODUCT, HUMAN RESOURCES PERSPECTIVE.REMOVAL OF SCHEDULED 36 737 MAX AIRCRAFT DURING PEAK SUMMER SEASON IS "PREVENTING US FROM REALIZING OUR FULL POTENTIAL".DUE TO 737 MAX GROUNDING ISSUE, CHOSEN AT THIS TIME NOT TO ADJUST LONG-TERM FINANCIAL TARGETS PRESENTED AT LAST INVESTOR DAY.Q3 SYSTEM PASSENGER REVENUES OF $5.164 BILLION INCREASED $146 MILLION.SYSTEM YIELD IN Q3 IMPROVED DUE TO CONSTRAINED CAPACITY FROM BOEING 737 MAX AIRCRAFT GROUNDING, GENERALLY IMPROVED PRICING ENVIRONMENT.QTRLY COST PER AVAILABLE SEAT MILE (CASM) INCREASED 4.5 PER CENT.QTRLY ADJUSTED CASM(1) INCREASED 9.3 PER CENT.BOEING 737 MAX AIRCRAFT GROUNDING RESULTED IN SYSTEM ASM DECLINE OF 2.1% IN QUARTER VERSUS PLANNED SYSTEM ASM GROWTH OF ABOUT 3%.CONTINUES TO EXPECT 14 737 MAX AIRCRAFT SCHEDULED FOR 2020 TO BE DELIVERED IN 2020.

Teamsters Ratify Air Canada Contract

Oct 23 (Reuters) - Air Canada <AC.TO>::TEAMSTERS RATIFY AIR CANADA CONTRACT.INTERNATIONAL BROTHERHOOD OF TEAMSTERS SAYS RATIFIED NEWEST TEN-YEAR COLLECTIVE BARGAINING AGREEMENT WITH AIR CANADA.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - AGREEMENT WITH AIR CANADA INCLUDES NEW BENEFITS, INCLUDING SIGNING BONUSES RANGING FROM $5,000 TO $10,000.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - AGREEMENT COVERS OVER 700 WORKERS AT AIR CANADA'S U.S. BASE OF OPERATIONS.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - AGREEMENT WITH AIR CANADA INCLUDES GUARANTEED PROTECTION FOR MEDICAL RATES, ANNUAL RAISES.

Drone Delivery Canada Announces Commercial Agreement With Vision Profile

Sept 10 (Reuters) - Drone Delivery Canada Corp <FLT.V>::DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH VISION PROFILE.DRONE DELIVERY -EXPECTS TO BEGIN PROVIDING DRONE DELIVERY SERVICES UNDER AGREEMENT IN Q4, AFTER DEPLOYMENT OF CLIENT SITE INFRASTRUCTURE IS COMPLETED.DRONE DELIVERY CANADA - WITH ASSISTANCE OF SALES AGENT AIR CANADA CARGO, ENTERED INTO COMMERCIAL AGREEMENT DATED SEPT 9 WITH VISION PROFILE EXTRUSIONS.

Transat Announces Receipt Of Final Court Approval For The Transaction With Air Canada

Aug 29 (Reuters) - Transat AT Inc <TRZ.TO>::TRANSAT ANNOUNCES RECEIPT OF FINAL COURT APPROVAL FOR THE TRANSACTION WITH AIR CANADA.TRANSAT AT INC - ARRANGEMENT WAS ALSO APPROVED BY 94.77% OF SHAREHOLDERS PRESENT IN PERSON OR BY PROXY AT SPECIAL MEETING OF TRANSAT HELD ON AUGUST 23.TRANSAT AT - IF REQUIRED REGULATORY APPROVALS ARE OBTAINED AND CONDITIONS ARE MET, IT IS NOW EXPECTED THAT TRANSACTION WILL BE COMPLETED BY Q2 2020.

Letko Brosseau Reaffirms Its Support Of Air Canada's Acquisition Of Transat

Aug 20 (Reuters) - Letko, Brosseau & Associates Inc::LETKO BROSSEAU REAFFIRMS ITS SUPPORT OF AIR CANADA'S ACQUISITION OF TRANSAT.LETKO, BROSSEAU & ASSOCIATES - CONFIRM IT VOTED ALL TRANSAT SHARES IT IS ENTITLED TO VOTE IN FAVOUR OF PROPOSED ACQUISITION OF TRANSAT BY AIR CANADA.

Teamsters Reach Tentative Agreement With Air Canada

Aug 13 (Reuters) - International Brotherhood of Teamsters::TEAMSTERS REACH TENTATIVE AGREEMENT WITH AIR CANADA.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - HAS REACHED A TENTATIVE AGREEMENT WITH AIR CANADA.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - PROPOSED CONTRACT COVERS OVER 700 EMPLOYEES AT AIR CANADA'S U.S. BASE OF OPERATIONS.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - AIR CANADA TENTATIVE AGREEMENT IS 10-YEAR AGREEMENT WHICH INCLUDES SIGNING BONUSES RANGING FROM $5,000-$10,000.INTERNATIONAL BROTHERHOOD OF TEAMSTERS - RATIFICATION VOTE FOR TENTATIVE AGREEMENT WITH AIR CANADA IS EXPECTED TO BE COMPLETED BY END OF SEPTEMBER.

Air Canada, Transat Announce Increased Purchase Price To $18/Share For 100% Of Transat

Aug 11 (Reuters) - Air Canada <AC.TO>::AIR CANADA, TRANSAT ANNOUNCE INCREASED PURCHASE PRICE TO $18/SHARE FOR 100% OF TRANSAT AND LOCK-UP AND SUPPORT AGREEMENT WITH TRANSAT'S LARGEST SHAREHOLDER.AIR CANADA TO INCREASE ITS PURCHASE PRICE FROM $13 TO $18 PER SHARE, REPRESENTING AN AGGREGATE PURCHASE PRICE OF APPROXIMATELY $720 MILLION.LETKO BROSSEAU, TRANSAT'S LARGEST SHAREHOLDER HOLDING ABOUT 19.3% OF SHARES, HAS ENTERED INTO LOCK-UP & SUPPORT AGREEMENT.LETKO BROSSEAU, TRANSAT'S LARGEST SHAREHOLDER HOLDING ABOUT 19.3% OF SHARES, IS CONFIRMING ITS SUPPORT FOR AIR CANADA ACQUISITION.BOARD OF TRANSAT AND ITS SPECIAL COMMITTEE UNANIMOUSLY REITERATE THAT ARRANGEMENT WITH AIR CANADA IS IN "BEST INTEREST" OF TRANSAT.TRANSACTION IS EXPECTED TO BE COMPLETED IN EARLY 2020.

Air Canada Reports Second Quarter 2019 Results

July 30 (Reuters) - Air Canada <AC.TO>::REPORTS SECOND QUARTER 2019 RESULTS.RESULTS EXCEEDED EXPECTATIONS, BOEING 737 MAX GROUNDING NEGATIVELY IMPACTED EBITDA GROWTH YEAR-OVER-YEAR.Q2 EARNINGS PER SHARE C$1.26.Q2 ADJUSTED EARNINGS PER SHARE C$0.88.Q2 OPERATING REVENUES OF $4.757 BILLION.SAYS MANAGED COSTS WELL, ESPECIALLY WITH CHALLENGES OF SOURCING REPLACEMENT FLYING FOR SOME OF BOEING 737 MAX AIRCRAFT THAT ARE OUT OF SERVICE.QTRLY PASSENGER REVENUE PER RPM ("YIELD") (CENTS) OF 18.5 CENTS VERSUS 17.3 CENTS.QTRLY PASSENGER REVENUE PER ASM ("PRASM") (CENTS) OF 15.5 CENTS VERSUS 14.4 CENTS.Q3 EBITDA IS EXPECTED TO INCREASE APPROXIMATELY FIVE PER CENT VERSUS Q3 OF 2018.IMPACT OF BOEING 737 MAX GROUNDING WILL BE FELT MORE ACUTELY IN OUR VERY BUSY SUMMER PERIOD.Q3 PROJECTED CAPACITY IS EXPECTED TO DECLINE APPROXIMATELY TWO PER CENT COMPARED TO Q3 OF 2018.WE WILL BE REMOVING BOEING 737 MAX FROM OUR SCHEDULE UNTIL AT LEAST JANUARY 8TH, 2020.QTRLY ADJUSTED CASM (CENTS) 10.9 CENTS VERSUS 10.3 CENTS.WE HAVE NO VISIBILITY ON RELIABLE TIMING FOR RETURN TO SERVICE OF BOEING 737 MAX AS WE AWAIT REGULATORY APPROVALS.AIR CANADA HAD 24 BOEING 737 MAX AIRCRAFT IN ITS OPERATING FLEET AT TIME OF GROUNDING.WAS EXPECTING TO RECEIVE ANOTHER 12 AIRCRAFT FOR A TOTAL FLEET OF 36 BOEING 737 MAX AIRCRAFT BY JULY 2019.Q2 EARNINGS PER SHARE VIEW C$0.76, REVENUE VIEW C$4.71 BILLION -- REFINITIV IBES DATA.

Teamsters Reach Agreement In Principle With Air Canada

July 17 (Reuters) - Teamsters::TEAMSTERS REACH AGREEMENT IN PRINCIPLE WITH AIR CANADA.TEAMSTERS HAS REACHED AN AGREEMENT IN PRINCIPLE WITH AIR CANADA, LARGEST PASSENGER CARRIER IN CANADA.TEAMSTERS - AGREEMENT COVERS OVER 700 CUSTOMER SERVICE REPRESENTATIVES, RESERVATION ASSISTANTS, OTHER EMPLOYEES AT AIR CANADA'S U.S. OPERATIONS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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