Air Canada showcased a robust financial performance with strong revenue growth and recognition in several areas, including Aeroplan and the international network. However, challenges in the transborder market, yield pressures in the Pacific, and rising labor costs posed significant concerns. The ongoing labor negotiations add uncertainty to future operations.

Company Guidance

In the Air Canada Second Quarter 2025 results call, the company reaffirmed its full-year guidance, highlighting several key metrics. Air Canada reported revenues of $5.6 billion for the quarter, with an operating income of $418 million and an adjusted EBITDA of $909 million, resulting in an adjusted EBITDA margin of 16.1%. The company carried over 11 million customers in the second quarter. Despite the challenges faced due to economic and geopolitical uncertainties, Air Canada achieved strong performance through disciplined capacity management and leveraging its diverse network. The company expects full-year capacity to grow between 1% and 3%, with third-quarter capacity anticipated to increase between 3.25% and 3.75%. Additionally, Air Canada completed a $500 million share buyback, reducing pandemic-induced share dilution. The airline also reported that premium cabin revenues grew by 5% year-over-year, with premium revenues representing close to 31% of total passenger revenues. The company maintained its full-year adjusted CASM guidance of $0.1425 to $0.145, despite acknowledging some cost pressures. Furthermore, Air Canada is focused on enhancing shareholder returns and executing on its long-term strategic plan, with a strong emphasis on customer experience and operational efficiency.

Strong Financial Performance

Air Canada reported revenues of $5.6 billion, operating income of $418 million, and adjusted EBITDA of $909 million with a margin of 16.1% for the second quarter.

Recognition and Awards

Air Canada was named the best airline in North America and received multiple awards at the 2025 Skytrax World Airline Awards.

Aeroplan Growth

Aeroplan received three top Freddie Awards and saw third-party gross billings increase by 7% year-over-year.

International Network Expansion

Continued strategic expansion of the international network, including new flights and connections, contributing to solid revenue growth in the Atlantic and Latin American markets.

Cargo Revenue Increase

Cargo revenues increased by 10% to $253 million, showing strong performance.

Sixth Freedom Revenue Growth

Sixth freedom revenues grew by 17%, driven by strong performance in the Atlantic and Pacific markets.

Shareholder Returns

Completed a $500 million substantial issuer bid, returning value to shareholders and reducing share dilution.

Air Canada (TSE:AC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:AC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.54 / -	2.57	―	―	―
Jul 29, 2025	2025 (Q2)	0.69 / 0.60	0.98	-38.78% (-0.38)	―
May 08, 2025	2025 (Q1)	-0.52 / -0.45	-0.27	-66.67% (-0.18)	―
Feb 14, 2025	2024 (Q4)	0.25 / 0.25	-0.12	308.33% (+0.37)	―
Nov 01, 2024	2024 (Q3)	1.62 / 2.57	3.41	-24.63% (-0.84)	―
Aug 07, 2024	2024 (Q2)	0.86 / 0.98	1.85	-47.03% (-0.87)	―
May 02, 2024	2024 (Q1)	-0.10 / -0.27	-0.53	49.06% (+0.26)	―
Feb 16, 2024	2023 (Q4)	>-0.01 / -0.12	-0.61	80.33% (+0.49)	―
Oct 30, 2023	2023 (Q3)	2.23 / 3.41	-1.42	340.14% (+4.83)	―
Aug 11, 2023	2023 (Q2)	0.77 / 1.85	-1.6	215.63% (+3.45)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:AC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	C$19.34	C$19.67	+1.71%
May 08, 2025	C$15.30	C$17.54	+14.64%
Feb 14, 2025	C$18.22	C$17.75	-2.58%
Nov 01, 2024	C$18.87	C$21.51	+13.99%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Air Canada (TSE:AC) report earnings?

Air Canada (TSE:AC) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Air Canada (TSE:AC) earnings time?

Air Canada (TSE:AC) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:AC EPS forecast?

TSE:AC EPS forecast for the fiscal quarter 2025 (Q3) is 1.54.

Air Canada (TSE:AC) Earnings News

Air Canada Stock (TSE:AC) Rallies after Reporting Q3-2022 Results

Premium

Market News

Air Canada Stock (TSE:AC) Rallies after Reporting Q3-2022 Results

3y ago

See More TSE:AC News >

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing