Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Join Canadian Insider Club or Club Ultra to Keep Your Edge

Times are changing, ad revenues are plunging, and Canadian data costs have jumped.

Starting this summer, we will be limiting Canadian company page views to 10 per month for non-members.

Canadian Insider Club members will continue to get Google ad-free and unlimited access to canadianinsider.com.

Join the club to keep your edge! For a limited time, use coupon code SAVE99 to save $99* off a Canadian Insider Club Membership.

*Save $99 on the first year of a new Canadian Insider Club or Canadian Insider Club Ultra membership. Subsequent auto-renewals will be at the standard rate unless canceled. Limited time offer.

Air Canada (T:AC)

Business Focus: Airlines

Sector:  Industrials Industry:  Airlines
 
See Regulatory Filings on SEDAR
Company Contact
Address: Air Canada Centre
ZIP YUL 1276, 7373 Cote-Vertu West
SAINT-LAURENT QC H4Y 1H4
Tel: 1-514-4227849
Website: https://www.aircanada.com/ca/en/aco/home.html#
IR: See website
Key People
Vagn Ove Soerensen
Independent Chairman of the Board
Ferio Pugliese
Senior Vice President, Government Relations and Air Canada Express
Calin Rovinescu
President, Chief Executive Officer, Director
Michael Stewart Rousseau
Deputy Chief Executive Officer, Chief Financial Officer
Duncan Bureau
President, Air Canada Rouge
Lucie Guillemette
Executive Vice President and Chief Commercial Officer
Craig Landry
Executive Vice President, Operations
Catherine Dyer
Senior Vice President, Chief Information Officer
Amos S. Kazzaz
Senior Vice President, Finance
Arielle Meloul-Wechsler
Senior Vice President - People, Culture and Communications
   
Business Overview
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its global network provides scheduled passenger service directly to over 62 airports in Canada, approximately 53 in the United States and approximately 101 in Europe, Africa, the Middle East, Asia, Australia, the Caribbean, Mexico, Central America and South America. Air Canada, Air Canada Rouge and its Air Canada Express regional partners operate on average of 1,550 scheduled flights each day. Air Canada Altitude recognizes and rewards Aeroplan loyalty program members with a range of travel privileges and benefits corresponding to their travel activity, such as priority check-in, complimentary checked baggage and upgrades to business class.
Financial Overview
For the six months ended 30 June 2020, Air Canada revenues decreased 54% to C$4.25B. Net loss totaled C$2.8B vs. income of C$688M. Revenues reflect Canada segment decrease of 56% to C$1.1B, Revenue Passengers, Total decrease of 58% to 10.4M, Load Factor, Total -% decrease of 34% to 54.7%. Net loss reflects Foreign exchange gain (loss) decrease from C$380M (income) to C$469M (expense).
Employees: 24,700 as of Jun 30, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $8,020M as of Jun 30, 2020
Annual revenue (TTM): $14,170M as of Jun 30, 2020
EBITDA (TTM): $1,324M as of Jun 30, 2020
Net annual income (TTM): -$2,013M as of Jun 30, 2020
Free cash flow (TTM): -$897.00M as of Jun 30, 2020
Net Debt Last Fiscal Year: $5,040M as of Jun 30, 2020
Shares outstanding: 399,812,911 as of Jul 17, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization