Air Canada Reports Strong Q3 Amid Revenue Decline
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Air Canada Reports Strong Q3 Amid Revenue Decline

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

Air Canada reported a decline in third quarter revenue and operating income for 2024, yet exceeded market expectations in adjusted earnings per share and EBITDA. The company managed to increase cash flow, improved operational performance, and announced a new share buyback program to enhance shareholder value. Despite challenges, including pilot contract negotiations, Air Canada maintained strong customer service and is optimistic about future growth.

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

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