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Air Canada stock falls on 2025 outlook, 2028 targets

Air Canada shares fell 8% after announcing 2025 guidance, targeting 10% EBITDA growth by 2028 while facing high capital expenditures and anticipated profitability challenges.

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Air Canada eyes strong revenue growth by 2028, banks on robust leisure travel demand

Air Canada aims for a 36% revenue increase by 2028, driven by rising leisure travel demand, projecting 2025 EBITDA up to C$3.8 billion.

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Canada government sells its Air Canada stake, Globe and Mail reports

The Canadian government has sold its 6% stake in Air Canada for about C$25 per share, after buying them at C$23.18 in April 2021.

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Air Canada to introduce carry-on fees for some passengers, Ottawa unhappy

Air Canada will charge fees for larger carry-on bags starting January 3, 2024, provoking criticism from officials. The policy joins similar moves by other airlines amid rising costs.

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Canada stocks higher at close of trade; S&P/TSX Composite up 0.41%

Canadian stocks rose on Friday, boosted by gains in key sectors, with notable increases in Air Canada and MDA Ltd, while some stocks declined.

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Earnings call: Air Canada reports robust Q3 with revenue growth

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Air Canada raises core profit forecast on robust international demand

Air Canada boosts its profit forecast due to rising international travel demand and lower fuel prices, announcing share buybacks and favorable earnings growth.

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Earnings call: Arca Continental sees mixed results in Q3 2024

Arca Continental reported a decline in consolidated volume but increased revenues and EBITDA in Q3 2024, showing optimism for future growth through strategic initiatives.

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Air Canada pilots ratify labor deal, avoiding strike

Air Canada pilots ratified a new four-year labor deal with a 42% wage increase, addressing pay disparities. Negotiations for flight attendants will begin early next year.

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US fines Air Canada over flights over prohibited Iraqi airspace

The U.S. fined Air Canada $250,000 for operating flights in restricted Iraqi airspace and noted measures to prevent future incidents.