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Air Canada (T:AC)

Business Focus: Airlines (NEC)

Sector:  Industrials Industry:  Airlines
 
Company Contact
Address: Air Canada Centre
7373 Cte Vertu, Boulevard West
SAINT-LAURENT QC H4S1Z3
Tel: 1-514-4227849
Website: https://www.aircanada.com
IR: See website
Key People
Michael Stewart Rousseau
President, Chief Executive Officer, Director
John Di Bert
Chief Financial Officer, Executive Vice President
Craig Landry
Chief Operations Officer, Executive Vice President
Arielle Meloul-Wechsler
Executive Vice President, Chief Human Resources Officer and Public Affairs
Mark Youssef Nasr
Executive Vice President of Marketing and Digital, President of Aeroplan
Marc Barbeau
Executive Vice President, Chief Legal Officer, Company Secretary
Mark Galardo
Executive Vice President - Revenue and Network Planning
Kevin Patrick Cornelius O'Connor
Senior Vice President - Global Airports and Operations Control
Murray Strom
Senior Vice President - Flight Operations and Maintenance
Business Overview
Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.
Financial Overview
For the three months ended 31 March 2024, Air Canada revenues increased 7% to C$5.23B. Net loss totaled C$81M vs. income of C$4M. Revenues reflect Pacific segment increase of 35% to C$733M, US Transborder segment increase of 8% to C$1.05B. Net loss reflects Wages , Salaries and Benefits increase of 21% to C$1.11B (expense), Foreign exchange gain decrease of 54% to C$59M (income).
Employees: 35,400 as of Sep 30, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $12,000M as of Mar 31, 2024
Annual revenue (TTM): $22,172M as of Mar 31, 2024
EBITDA (TTM): $4,024M as of Mar 31, 2024
Net annual income (TTM): $2,191M as of Mar 31, 2024
Free cash flow (TTM): $2,825M as of Mar 31, 2024
Net Debt Last Fiscal Year: $4,574M as of Mar 31, 2024
Shares outstanding: 441,290,249 as of Apr 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization