Stable Revenue and Advanced Ticket Sales Growth
Air Canada reported first quarter revenues of $5.2 billion, which were essentially the same as last year. Advanced ticket sales grew by $1 billion from the end of 2024, driving $1.5 billion in cash from operations and $831 million in free cash flow generation in the quarter.
Strong Performance in Key Areas
Third-party billings at Aeroplan continued to be very strong, growing 7% year-over-year. Also, cargo revenues increased 16% to $250 million from the previous year.
Cost Management and Balance Sheet Strength
Air Canada launched a $150 million cost reduction program for 2025. They reported a net leverage ratio of 1.3%, and completed a share buyback program with 35.8 million shares purchased and canceled.
Network Diversification and Capacity Reallocation
Air Canada's diversified network allowed for effective capacity reallocation in response to demand changes. New routes such as Montreal-Edinburgh and expansion into Latin America were announced.