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Air Canada (AC.TO)

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Latest Key Developments (Source: Significant Developments)

Air Canada Says Air Canada Vacations Got An Increase In Bookings
Thursday, 29 Nov 2018 07:00am EST 

Nov 29 (Reuters) - Air Canada ::AIR CANADA - ON NOV. 23, AIR CANADA VACATIONS GOT AN INCREASE OF MORE THAN 300% IN BOOKINGS COMPARED TO A NORMAL BOOKING DAY.  Full Article

Aimia And Air Canada Enter Agreement For Purchase Of Aeroplan Loyalty Business
Monday, 26 Nov 2018 08:00am EST 

Nov 26 (Reuters) - Aimia Inc ::AIMIA AND AIR CANADA ENTER INTO DEFINITIVE AGREEMENT FOR PURCHASE OF THE AEROPLAN LOYALTY BUSINESS.AIMIA AND AIR CANADA ENTER INTO DEFINITIVE AGREEMENT FOR PURCHASE OF THE AEROPLAN LOYALTY BUSINESS.AIMIA INC - AEROPLAN LOYALTY BUSINESS TO BE SOLD TO AIR CANADA FOR ALL-CASH PURCHASE PRICE OF $450 MILLION.  Full Article

Air Canada Reports Third Quarter 2018 Results
Wednesday, 31 Oct 2018 06:00am EDT 

Oct 31 (Reuters) - Air Canada ::REPORTS THIRD QUARTER 2018 RESULTS.Q3 OPERATING REVENUES OF $5.415 BILLION.Q3 GAAP EARNINGS PER SHARE C$2.34.Q3 ADJUSTED EARNINGS PER SHARE C$2.03.QTRLY PASSENGER REVENUE PER AVAILABLE SEAT MILE (PRASM) INCREASED 4.2 PER CENT.QTRLY CAPACITY GROWTH OF 6.7 PER CENT.QTRLY COST PER AVAILABLE SEAT MILE (CASM) INCREASED 9.8 PER CENT FROM Q3 OF 2017.GOING FORWARD, EXPECT REVENUE MOMENTUM TO CONTINUE IN Q4 AND INTO NEXT YEAR.QTRLY INCREASE IN SYSTEM PASSENGER REVENUES WAS DRIVEN BY TRAFFIC GROWTH OF 7.5 PER CENT AND A YIELD IMPROVEMENT OF 3.4 PER CENT.NOW EXPECTS POSITIVE FREE CASH FLOW IN RANGE OF $500 MILLION TO $600 MILLION IN 2018.Q3 EARNINGS PER SHARE VIEW C$2.09, REVENUE VIEW C$5.38 BILLION -- THOMSON REUTERS I/B/E/S.NOW EXPECTS FULL YEAR 2018 ADJUSTED CASM TO RANGE BETWEEN NO INCREASE TO AN INCREASE OF 0.75 PER CENT WHEN COMPARED TO FULL YEAR 2017.FOR Q4 OF 2018, AIR CANADA EXPECTS ADJUSTED CASM TO INCREASE 1.5 TO 2.5 PER CENT.CONTINUES TO EXPECT 2018 EMPLOYEE BENEFITS EXPENSE TO INCREASE BY APPROXIMATELY $75 MILLION FROM FULL YEAR 2017.NOW EXPECTS 2018 AIRCRAFT MAINTENANCE EXPENSE TO INCREASE BY APPROXIMATELY $95 MILLION FROM FULL YEAR 2017.Q3 EARNINGS PER SHARE VIEW C$2.09, REVENUE VIEW C$5.38 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Air Canada Announces Departure Of Benjamin Smith
Thursday, 16 Aug 2018 02:08pm EDT 

Aug 16 (Reuters) - Air Canada ::AIR CANADA ANNOUNCES DEPARTURE OF BENJAMIN SMITH, PRESIDENT, AIRLINES AND CHIEF OPERATING OFFICER.SAYS BENJAMIN SMITH WILL RESIGN HIS POSITION EFFECTIVE AUGUST 31, 2018.SAYS BENJAMIN SMITH WILL RESIGN TO ACCEPT ROLE AS CEO AT EUROPEAN-BASED GLOBAL AIRLINE.  Full Article

Air Canada Says Prepared For Potential Labour Disruptions At WestJet
Thursday, 26 Apr 2018 10:54am EDT 

April 26 (Reuters) - Air Canada ::SAYS READY TO ADJUST SCHEDULES AND CAPACITY TO LIMIT DISRUPTIONS FOR TRAVELING PUBLIC IN EVENT OF LABOUR DISRUPTION AT WESTJET.  Full Article

Air Canada To Launch Daily, Seasonal Flights Between Calgary And Palm Springs
Wednesday, 7 Mar 2018 10:40am EST 

March 7 (Reuters) - Air Canada ::AIR CANADA - WILL LAUNCH DAILY, SEASONAL FLIGHTS BETWEEN CALGARY AND PALM SPRINGS, AND BETWEEN EDMONTON AND LAS VEGAS STARTING OCTOBER 28, 2018.  Full Article

Air Canada To Launch New Service To Kauai, Double Frequency Of Western Canada Flights To Hawaii With New Boeing 737 Max Fleet
Wednesday, 7 Mar 2018 10:13am EST 

March 7 (Reuters) - Air Canada ::AIR CANADA TO LAUNCH NEW SERVICE TO KAUAI, DOUBLE FREQUENCY OF WESTERN CANADA FLIGHTS TO HAWAII WITH NEW BOEING 737 MAX FLEET.  Full Article

Air Canada Q4 Earnings Per Share C$0.02
Friday, 16 Feb 2018 06:00am EST 

Feb 16 (Reuters) - Air Canada ::REPORTS 2017 ANNUAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$0.22.Q4 GAAP EARNINGS PER SHARE C$0.02.QTRLY OPERATING REVENUES C$ 3,820 MILLION VERSUS C$ 3,425 MILLION REPORTED LAST YEAR.QTRLY PASSENGER REVENUE PER RPM ("YIELD") 17.1 CENTS VERSUS 16.9 CENTS.AIR CANADA EXPECTS POSITIVE FREE CASH FLOW IN THE RANGE OF $250 TO $500 MILLION IN 2018.Q4 EARNINGS PER SHARE VIEW C$0.14, REVENUE VIEW C$3.75 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY PASSENGER REVENUE PER ASM ("PRASM") 13.7 CENTS VERSUS 13.5 CENTS.FOR FIRST QUARTER OF 2018, EXPECTS ADJUSTED CASM TO INCREASE 2.0 TO 3.0 PER CENT WHEN COMPARED TO THE FIRST QUARTER OF 2017.QTRLY ADJUSTED CASM 11.3 CENTS VERSUS 11.4 CENTS.FOR FY 2018, EXPECTS ADJUSTED CASM TO RANGE BETWEEN A DECREASE OF 0.5 PER CENT TO INCREASE OF 1.5 PER CENT COMPARED TO FULL YEAR 2017.A TAX EXPENSE OF $16 MILLION AFFECTED FOURTH QUARTER AND FULL YEAR 2017 ADJUSTED NET INCOME RESULTS.FOR FY 2018, EXPECTS AIRCRAFT MAINTENANCE EXPENSE TO INCREASE BY APPROXIMATELY $140 MILLION FROM THE FULL YEAR 2017.  Full Article

Air Canada Pilots Association Elects New Chair Of Governing Council
Wednesday, 7 Feb 2018 03:33pm EST 

Feb 7 (Reuters) - Air Canada Pilots Association::AIR CANADA PILOTS ASSOCIATION ELECTS NEW CHAIR OF GOVERNING COUNCIL.‍AIR CANADA PILOTS ASSOCIATION - ELECTED MATT HOGAN AS CHAIR AT A SPECIAL MEETING OF ITS MASTER ELECTED COUNCIL​.‍AIR CANADA PILOTS ASSOCIATION SAYS MATT HOGAN'S ONE-YEAR TERM WILL RUN FROM MARCH 1, 2018 UNTIL MARCH 31, 2019.  Full Article

Air China And Air Canada Expand Strategic Cooperation
Tuesday, 12 Dec 2017 04:19pm EST 

Dec 12 (Reuters) - Air Canada ::AIR CHINA AND AIR CANADA EXPAND STRATEGIC COOPERATION, STRENGTHENING CANADA-CHINA NETWORK IN ADVANCE OF FULL JOINT VENTURE.- AIR CHINA TO PLACE ITS CODE ON AIR CANADA'S NEW DAILY MONTREAL-SHANGHAI FLIGHT.- AIR CHINA TO ALSO PLACE ITS CODE ON AIR CANADA'S FLIGHTS FROM VANCOUVER TO VICTORIA, KELOWNA, SASKATOON, AND REGINA.SAYS ‍EXPANDED CODESHARE COOPERATION IS PLANNED TO COME INTO EFFECT IN APRIL 2018​.- CO TO PLACE CODE ON AIR CHINA'S FLIGHTS BETWEEN BEIJING & ZHENGZHOU, XIAMEN, SHENZHEN & NANJING, AIR CHINA'S FLIGHT BETWEEN MONTREAL-HAVANA.- BOTH CARRIERS HAVE ALSO IMPLEMENTED AN EXPANDED LOUNGE AGREEMENT.  Full Article

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Air Canada sees improving year-end passenger revenues, shares rise

Air Canada expects revenue and passenger demand to improve in the last three months of 2018 even as costs rise, the carrier said on Wednesday, sending shares up 6 percent.