Air Canada Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	20,637	20,751	20,327	15,504	5,993
Other Revenue	1,735	1,504	1,506	1,052	407
Revenue	22,372	22,255	21,833	16,556	6,400
Revenue Growth (YoY)	0.53%	1.93%	31.87%	158.69%	9.72%
Cost of Revenue	15,742	15,628	14,510	12,561	6,396
Gross Profit	6,630	6,627	7,323	3,995	4
Selling, General & Admin	1,151	1,166	1,165	853	323
Other Operating Expenses	2,525	2,357	2,151	1,661	909
Operating Expenses	5,688	5,322	5,019	4,154	2,848
Operating Income	942	1,305	2,304	-159	-2,844
Interest Expense	-606	-731	-930	-896	-732
Interest & Investment Income	222	431	416	168	72
Currency Exchange Gain (Loss)	245	-400	389	-732	-52
Other Non Operating Income (Expenses)	-51	-79	-2	199	-47
EBT Excluding Unusual Items	752	526	2,177	-1,420	-3,603
Merger & Restructuring Charges	-	-	-	-	-175
Gain (Loss) on Sale of Investments	37	17	45	-86	-36
Asset Writedown	-	-	-	-4	-38
Other Unusual Items	-	-28	-10	-14	-129
Pretax Income	789	515	2,212	-1,524	-3,981
Income Tax Expense	145	-1,205	-64	176	-379
Earnings From Continuing Operations	644	1,720	2,276	-1,700	-3,602
Net Income	644	1,720	2,276	-1,700	-3,602
Net Income to Common	644	1,720	2,276	-1,700	-3,602
Net Income Growth	-62.56%	-24.43%	-	-	-
Shares Outstanding (Basic)	311	358	358	358	351
Shares Outstanding (Diluted)	320	376	376	358	351
Shares Change (YoY)	-14.89%	-	5.03%	1.99%	24.47%
EPS (Basic)	2.07	4.80	6.36	-4.75	-10.26
EPS (Diluted)	1.87	4.72	5.97	-4.75	-10.26
EPS Growth	-60.50%	-20.82%	-	-	-
Free Cash Flow	747	1,294	2,756	796	-2,575
Free Cash Flow Per Share	2.33	3.44	7.33	2.22	-7.34
Gross Margin	29.64%	29.78%	33.54%	24.13%	0.06%
Operating Margin	4.21%	5.86%	10.55%	-0.96%	-44.44%
Profit Margin	2.88%	7.73%	10.42%	-10.27%	-56.28%
Free Cash Flow Margin	3.34%	5.81%	12.62%	4.81%	-40.23%
EBITDA	2,238	2,438	3,357	816	-1,902
EBITDA Margin	10.00%	10.96%	15.38%	4.93%	-29.72%
D&A For EBITDA	1,296	1,133	1,053	975	942
EBIT	942	1,305	2,304	-159	-2,844
EBIT Margin	4.21%	5.86%	10.55%	-0.96%	-44.44%
Effective Tax Rate	18.38%	-	-	-	-
Revenue as Reported	22,372	22,255	21,833	16,556	6,400

Source: S&P Global Market Intelligence. Standard template. Financial Sources.