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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

24.64CAD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Air Canada Says Air Canada Rouge To Launch Non-Stop Montreal-Victoria Flights For Summer 2018
Friday, 1 Dec 2017 07:03am EST 

Air Canada ::AIR CANADA SAYS AIR CANADA ROUGE TO LAUNCH NON-STOP MONTREAL-VICTORIA FLIGHTS FOR SUMMER 2018.  Full Article

Air Canada partners with Adyen to expand local payment methods
Wednesday, 1 Nov 2017 07:00am EDT 

Nov 1 (Reuters) - Air Canada :Air Canada expands acceptance of alternative payments for international transactions to support global growth strategy.Air Canada - ‍announced a partnership with Adyen that will expand range of local payment methods available to customers​.  Full Article

Air Canada establishes automatic share purchase plan
Friday, 27 Oct 2017 06:00am EDT 

Oct 27 (Reuters) - Air Canada :Air Canada establishes automatic share purchase plan.Normal course issuer bid to purchase for cancellation, up to 22.4 million class A variable voting shares and class B voting shares​.Issuer bid commenced on May 31, 2017 and is scheduled to terminate on May 30, 2018​.  Full Article

Air Canada reports record third quarter 2017 results
Wednesday, 25 Oct 2017 06:00am EDT 

Oct 25 (Reuters) - Air Canada :Air Canada reports record third quarter 2017 results.Q3 adjusted earnings per share c$3.43.Q3 earnings per share c$6.44.Air Canada qtrly adjusted CASM 9.2‍​ cents versus 9.4 cents.Air Canada - Q3 operating revenue C$‍​4,880 million versus C$4,451 million.Air Canada - qtrly passenger revenue per RPM 16.6 cents versus 16.6 cents.Q3 earnings per share view C$3.28, revenue view C$4.88 billion -- Thomson Reuters I/B/E/S.Air Canada - ‍for Q4 of 2017, Air Canada expects adjusted casm to decrease 0.5 to 1.5 per cent when compared to Q4 of 2016​.Air Canada - qtrly passenger revenue per ASM 14.2 cents versus 14.2 cents.Air Canada - ‍now expects 2017 aircraft maintenance expense to increase by approximately $70 million from full year 2016​.Air Canada - ‍continues to expect positive free cash flow in range of $600 million to $900 million in 2017​.Air Canada - ‍continues to expect to achieve an annual ebitdar margin of 17 to 19 per cent in 2017​.Air Canada - ‍taking into account co's new methodology for calculating ROIC, co now expects annual ROIC of 13.5 to 14.5 per cent in 2017​.Air Canada - reiterating guidance‍​ for EBITDAR margin, ROIC, free cash flow for 2018 – 2020.  Full Article

Air Canada ‍announces non-stop services from Toronto & Montreal​
Thursday, 28 Sep 2017 01:02pm EDT 

Sept 28 (Reuters) - Air Canada ::Announced new non-stop services to begin next Summer from Toronto and Montreal and a new route between Montreal and Lisbon​.Will enhance existing year-round service between Montreal & Casablanca by transferring route to Air Canada mainline from Air Canada Rouge​.  Full Article

Air Canada, AAR sign 5-year MRO contract
Monday, 25 Sep 2017 10:56am EDT 

Sept 25 (Reuters) - Air Canada ::Air Canada and AAR announce signing a five-year MRO contract with Air Canada for Boeing 767 maintenance.Says ‍contract will commence later this year and ramp up over three months​.  Full Article

Air Canada and AAR conclude C$500 mln agreement for airframe maintenance in Québec, Canada
Tuesday, 19 Sep 2017 10:30am EDT 

Sept 19 (Reuters) - Air Canada :Air Canada and AAR conclude $500 mln cad agreement for airframe maintenance in québec, canada.Air Canada - signed a 10-year agreement to provide airframe maintenance for airline's airbus narrow-body fleet of A319, A320 and A321 aircraft.Air Canada - ‍ co, AAR CORP also signed a new five-year agreement for air canada's embraer E-190 fleet​.  Full Article

Air Canada expects Air China joint venture in the spring

Air Canada's chief executive on Friday said a joint venture with Air China , expected to be wrapped up this spring, would help it compete more "aggressively" in the Pacific market, after the Canadian carrier reported a better-than-expected fourth-quarter profit.