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Air Canada (TSE:AC)
TSX:AC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.44Last Year’s EPS
-0.27Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -7.57%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Air Canada reported a record revenue year with strong EBITDA and operational improvements, despite facing challenges in the Atlantic market and concerns over fuel price volatility. The successful pilot agreement and cargo revenue growth were significant highlights, contributing positively to overall performance.Company Guidance
During the Air Canada Fourth Quarter and Full Year 2024 Earnings Conference Call, the company reported a strong revenue performance with a record full-year revenue of $22.3 billion, marking a 2% year-over-year increase on a 5% capacity growth. Adjusted EBITDA also reached $3.6 billion, marginally surpassing their guidance. Key achievements highlighted by Michael Rousseau included securing a new agreement with pilots to avoid operational disruptions, and an 8-point improvement in on-time performance compared to 2023. Additionally, Air Canada successfully completed a share buyback program, repurchasing over 35 million shares. Looking forward, the company plans to achieve $30 billion in operating revenues by 2028, targeting at least a 17% adjusted EBITDA margin and a 5% free cash flow margin. The company remains focused on strategic growth and operational adjustments to maintain agility in response to market conditions.Record Full Year Revenue
Air Canada reported a record full year revenue of $22.3 billion, marking a 2% increase on a 5% increase in capacity.
Strong Adjusted EBITDA and Free Cash Flow
The company finished the year with $3.6 billion of adjusted EBITDA, slightly above their guidance, and generated $1.3 billion in free cash flow.
Operational Improvements
Air Canada achieved an 8-point gain in on-time performance over 2023, highlighting pronounced operational improvements.
Successful Pilot Agreement
A new agreement with pilots was secured, avoiding significant operational disruptions.
Cargo Revenue Growth
Q4 cargo revenues increased 20% year-over-year, and full year cargo revenues grew by 7% to nearly $1 billion.
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TSE:AC Earnings History
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
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TSE:AC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | C$18.22 | C$17.75 | -2.58% |
| Nov 01, 2024 | C$18.87 | C$21.51 | +13.99% |
| Aug 07, 2024 | C$15.14 | C$14.93 | -1.39% |
| May 02, 2024 | C$20.46 | C$18.75 | -8.36% |
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.
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FAQ
When does Air Canada (TSE:AC) report earnings?
Air Canada (TSE:AC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Air Canada (TSE:AC) earnings time?
Air Canada (TSE:AC) earnings time is at May 07, 2025, TBA Not 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 (Q1) is -0.44.
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