Air Canada (TSX:AC)
Canada · Delayed Price · Currency is CAD 23.30
+1.39 (6.34%)
Nov 9, 2026, 4:00 PM EST
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 | Sep '26 Sep 30, 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 |
Operating Revenue | 22,901 | 20,637 | 20,751 | 20,327 | 15,504 | 5,993 |
Other Revenue | 1,904 | 1,735 | 1,504 | 1,506 | 1,052 | 407 |
| 24,805 | 22,372 | 22,255 | 21,833 | 16,556 | 6,400 | |
Revenue Growth | 12.72% | 0.53% | 1.93% | 31.87% | 158.69% | 9.72% |
Cost of Revenue | 18,328 | 15,742 | 15,628 | 14,510 | 12,561 | 6,396 |
Gross Profit | 6,477 | 6,630 | 6,627 | 7,323 | 3,995 | 4 |
Selling, General & Admin | 1,241 | 1,151 | 1,166 | 1,165 | 853 | 323 |
Other Operating Expenses | 2,596 | 2,525 | 2,357 | 2,151 | 1,661 | 909 |
Operating Expenses | 5,966 | 5,688 | 5,322 | 5,019 | 4,154 | 2,848 |
Operating Income | 511 | 942 | 1,305 | 2,304 | -159 | -2,844 |
Interest Expense | -551 | -606 | -731 | -930 | -896 | -732 |
Interest & Investment Income | 235 | 222 | 431 | 416 | 168 | 72 |
Currency Exchange Gain (Loss) | 245 | 245 | -400 | 389 | -732 | -52 |
Other Non Operating Income (Expenses) | -59 | -51 | -79 | -2 | 199 | -47 |
EBT Excluding Unusual Items | 381 | 752 | 526 | 2,177 | -1,420 | -3,603 |
Merger & Restructuring Charges | - | - | - | - | - | -175 |
Gain (Loss) on Sale of Investments | -10 | 37 | 17 | 45 | -86 | -36 |
Gain (Loss) on Sale of Assets | 82 | - | - | - | - | - |
Asset Writedown | - | - | - | - | -4 | -38 |
Other Unusual Items | -56 | - | -28 | -10 | -14 | -129 |
Pretax Income | 397 | 789 | 515 | 2,212 | -1,524 | -3,981 |
Income Tax Expense | 85 | 145 | -1,205 | -64 | 176 | -379 |
Earnings From Continuing Operations | 312 | 644 | 1,720 | 2,276 | -1,700 | -3,602 |
Minority Interest in Earnings | -7 | - | - | - | - | - |
Net Income | 305 | 644 | 1,720 | 2,276 | -1,700 | -3,602 |
Net Income to Common | 305 | 644 | 1,720 | 2,276 | -1,700 | -3,602 |
Net Income Growth | - | -62.56% | -24.43% | - | - | - |
Shares Outstanding (Basic) | 288 | 311 | 358 | 358 | 358 | 351 |
Shares Outstanding (Diluted) | 289 | 320 | 376 | 376 | 358 | 351 |
Shares Change | -11.41% | -14.89% | - | 5.03% | 1.99% | 24.47% |
EPS (Basic) | 1.06 | 2.07 | 4.80 | 6.36 | -4.75 | -10.26 |
EPS (Diluted) | 1.06 | 1.87 | 4.72 | 5.97 | -4.75 | -10.26 |
EPS Growth | - | -60.50% | -20.82% | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 359 | 747 | 1,294 | 2,756 | 796 | -2,575 |
Free Cash Flow Per Share | 1.24 | 2.33 | 3.44 | 7.33 | 2.22 | -7.34 |
Gross Margin | 26.11% | 29.64% | 29.78% | 33.54% | 24.13% | 0.06% |
Operating Margin | 2.06% | 4.21% | 5.86% | 10.55% | -0.96% | -44.44% |
Profit Margin | 1.23% | 2.88% | 7.73% | 10.42% | -10.27% | -56.28% |
Free Cash Flow Margin | 1.45% | 3.34% | 5.81% | 12.62% | 4.81% | -40.23% |
EBITDA | 1,924 | 2,238 | 2,438 | 3,357 | 816 | -1,902 |
EBITDA Margin | 7.76% | 10.00% | 10.96% | 15.38% | 4.93% | -29.72% |
D&A For EBITDA | 1,413 | 1,296 | 1,133 | 1,053 | 975 | 942 |
EBIT | 511 | 942 | 1,305 | 2,304 | -159 | -2,844 |
EBIT Margin | 2.06% | 4.21% | 5.86% | 10.55% | -0.96% | -44.44% |
Effective Tax Rate | 21.41% | 18.38% | - | - | - | - |
Revenue as Reported | 24,805 | 22,372 | 22,255 | 21,833 | 16,556 | 6,400 |