Air Canada Exhibits Strong Q1 Growth
Company Announcements

Air Canada Exhibits Strong Q1 Growth

Air Canada (TSE:AC) has released an update.

Air Canada has shown a solid financial performance in the first quarter of 2024, with operating revenues climbing to $5.2 billion, a 7% increase from the previous year, and adjusted EBITDA reaching $453 million. Despite a net loss of $81 million, the company touts a significant improvement in on-time arrivals and a strong balance sheet, underlined by a reduced leverage ratio of 0.9. With over $1 billion in free cash flow and a positive outlook for the year, Air Canada is poised for growth through strategic investments.

For further insights into TSE:AC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAir Canada price target raised to C$22 from C$17 at RBC Capital
TheFlyAir Canada price target raised to C$29 from C$25 at Canaccord
TheFlyAir Canada price target raised to C$29 from C$28 at BMO Capital
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App