Air Canada Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	22,961	22,372	22,255	21,833	16,556	6,400
Revenue Growth (YoY)	3.31%	0.53%	1.93%	31.87%	158.69%	9.72%
Cost of Revenue	19,795	19,442	19,193	17,851	15,099	7,795
Gross Profit	3,166	2,930	3,062	3,982	1,457	-1,395
Depreciation & Amortization Expenses	2,023	2,012	1,799	1,703	1,644	1,654
Total Operating Expenses	2,023	2,012	1,799	1,703	1,644	1,654
Operating Income	1,143	918	1,263	2,279	-187	-3,049
Interest Income	203	222	431	416	168	72
Interest Expense	-590	-606	-731	-930	-896	-740
Other Non-Operating Income (Expense)	220	255	-448	447	-609	-264
Total Non-Operating Income (Expense)	-167	-129	-748	-67	-1,337	-932
Pretax Income	1,079	789	515	2,212	-1,524	-3,981
Provision for Income Taxes	285	145	-1,205	-64	176	-379
Net Income	794	644	1,720	2,276	-1,700	-3,602
Net Income to Common	794	644	1,720	2,276	-1,700	-3,602
Net Income Growth	-53.27%	-62.56%	-24.43%	-	-	-
Shares Outstanding (Basic)	302	311	358	358	358	351
Shares Outstanding (Diluted)	307	320	376	376	358	351
Shares Change (YoY)	-16.69%	-14.89%	-	5.03%	1.99%	24.47%
EPS (Basic)	2.53	2.07	4.81	6.35	-4.75	-10.25
EPS (Diluted)	2.51	1.86	4.72	5.96	-4.75	-10.25
EPS Growth	-40.38%	-60.59%	-20.80%	-	-	-
Shares Outstanding	294.55	294.55	339.84	358.47	358.36	357.84
Free Cash Flow	1,237	747	1,294	2,756	796	-2,575
Free Cash Flow Growth	65.60%	-42.27%	-53.05%	246.23%	-	-
Free Cash Flow Per Share	4.03	2.33	3.44	7.33	2.22	-7.34
Gross Margin	13.79%	13.10%	13.76%	18.24%	8.80%	-21.80%
Operating Margin	4.98%	4.10%	5.68%	10.44%	-1.13%	-47.64%
Profit Margin	3.46%	2.88%	7.73%	10.42%	-10.27%	-56.28%
FCF Margin	5.39%	3.34%	5.81%	12.62%	4.81%	-40.23%
EBITDA	3,166	2,930	3,062	3,982	1,457	-1,433
EBITDA Margin	13.79%	13.10%	13.76%	18.24%	8.80%	-22.39%
EBIT	1,143	918	1,263	2,279	-187	-3,049
EBIT Margin	4.98%	4.10%	5.68%	10.44%	-1.13%	-47.64%
Effective Tax Rate	26.41%	18.38%	-233.98%	-2.89%	-11.55%	9.52%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.