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Air Canada

AC.TO

Latest Trade

42.18CAD

Change

-2.27(-5.11%)

Volume

3,264,821

Today's Range

41.86

 - 

44.24

52 Week Range

30.86

 - 

52.71

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

Latest Developments

Air Canada CEO Expects To Start Introducing The 737 MAX In The Third Quarter - Conf Call

Feb 18 (Reuters) - Air Canada <AC.TO>::AIR CANADA CHIEF COMMERCIAL OFFICER SAYS EXPECTS TO TAKE DELIVERY OF THREE MORE A220S IN MAY - CONF CALL.AIR CANADA CCO SAYS CARGO REVENUES TO BE SIGNIFICANTLY IMPACTED IN 2020 DUE UNCERTAINTIES AROUND CHINA AND HONG KONG- CONF CALL.AIR CANADA CEO SAYS CONFIDENT THAT THE 737 MAX WILL FLY AGAIN - CONF CALL.AIR CANADA CFO SAYS BOEING MADE AN INITIAL SETTLEMENT PAYMENT OVER GROUNDED MAX DURING Q4 2019- CONF CALL.AIR CANADA CFO SAYS COST OF THE 737 MAX AIRCRAFT WILL BE REDUCED ON BOOKS ONCE BOEING COMPENSATES AIR CANADA - CONF CALL.AIR CANADA CEO SAYS CO IS CARRYING COSTS OF PILOTS WHO WERE TRAINED ON THE 737 MAX AND ARE NOW AWAITING THE JET’S RETURN BECAUSE AIR CANADA DOESN’T HAVE OLDER 737 NGs FOR THEM TO FLY - CONF CALL.AIR CANADA EXPECTS TRANSAT DEAL TO CLOSE BY MAY - CONF CALL.AIR CANADA CFO SAYS IF THE 737 MAX GROUNDING EXTENDS LONGER, CO HAS FLEXIBILITY WITH FLEET UNTIL THE END OF THE YEAR - CONF CALL.AIR CANADA CEO SAYS EXPECTS TO START INTRODUCING THE 737 MAX IN THE THIRD QUARTER - CONF CALL.

Air Canada Qtrly Earnings Per Share $0.56

Feb 18 (Reuters) - Air Canada <AC.TO>::AIR CANADA REPORTS 2019 ANNUAL RESULTS."WE START 2020 WITH UNCERTAINTY FROM ON-GOING BOEING 737 MAX GROUNDING".QTRLY EARNINGS PER SHARE $0.56.WE START 2020 WITH UNCERTAINTY FROM EMERGING ECONOMIC AND GEOPOLITICAL RISKS AND ROUTE SUSPENSIONS RESULTING FROM COVID-19 VIRUS.Q1, FY OUTLOOK OF BOTH EBITDA & ASM CAPACITY GROWTH ASSUMES CO'S MAINLAND CHINA & HONG KONG SERVICES TO BE RECOVERED BY Q3 OF 2020.AIR CANADA EXPECTS Q1 2020 EBITDA TO BE APPROXIMATELY $200 MILLION LOWER THAN Q1 OF 2019.FOR FULL YEAR 2020, EXPECTS ASM CAPACITY TO INCREASE 1 TO 2 PER CENT WHEN COMPARED TO FULL YEAR 2019.QTRLY OPERATING REVENUES $4,429 MILLION VERSUS $4,227 MILLION.SEES CUMULATIVE FREE CASH FLOW OF $4.0 BILLION TO $4.5 BILLION OVER 2019 TO 2021 PERIOD.FOR FULL YEAR 2020, AIR CANADA PROJECTS AN EBITDA MARGIN OF APPROXIMATELY 19 PER CENT.QTRLY ADJUSTED EARNINGS PER SHARE $0.17.HAS BEEN IN DISCUSSIONS WITH BOEING AND IS SEEKING TO SETTLE TERMS OF AN ARRANGEMENT IN RELATION TO GROUNDING OF BOEING 737 MAX AIRCRAFT.SEES 2020 AIRCRAFT MAINTENANCE EXPENSE TO INCREASE BY ABOUT $150 MILLION FROM 2019, WITH ONE-THIRD OF INCREASE TO BE INCURRED IN Q1 2020.Q4 EARNINGS PER SHARE VIEW C$0.38, REVENUE VIEW C$4.53 BILLION -- REFINITIV IBES DATA.IN Q4 2019, ON A CAPACITY INCREASE OF 3.3%, SYSTEM PASSENGER REVENUES OF $3.975 BILLION INCREASED $199 MILLION.

Air Canada Suspends Flights To Beijing, Shanghai

Jan 29 (Reuters) - Air Canada <AC.TO>::AIR CANADA SUSPENDS FLIGHTS TO BEIJING, SHANGHAI.AIR CANADA - ITS LAST FLIGHTS DEPARTING CANADA WILL OPERATE TODAY, RETURN FLIGHTS WILL OPERATE FROM BEIJING AND SHANGHAI TOMORROW.AIR CANADA - TEMPORARILY SUSPENDING ALL DIRECT FLIGHTS TO BEIJING AND SHANGHAI EFFECTIVE JANUARY 30, 2020 UNTIL FEBRUARY 29, 2020.

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.

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

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