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Air Canada (AC.TO)

CAD23.20 -0.48 (-2.03%)
CA TSX Industrials Airlines, Airports & Air Services
Address 7373 COte Vertu Boulevard West H4S 1Z3
Saint-Laurent, QC, CA
CEO Michael Stewart Rousseau
IPO 2010-03-30
ISIN CA0089118776

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Also trades on Other OTC · ACDVF (USD) Toronto Stock Exchange · AC.TO (CAD)
Description

Air Canada functions as a full-service airline, providing an array of flights across Canada, over the U.S. border, and to various international destinations. The company delivers scheduled passenger services through its primary Air Canada brand, along with its Air Canada Vacations and Air Canada Rouge subsidiaries, serving domestic, Canada-U.S. transborder, and global routes from and to Canada. Additionally, it expands its network by utilizing capacity purchase agreements with other regional carriers. As of December 31, 2021, Air Canada maintained a significant fleet: its mainline operations comprised 175 aircraft (97 Boeing and Airbus narrow-body jets, and 78 Boeing and Airbus wide-body planes); the Air Canada Express division operated 123 aircraft (including 50 Mitsubishi regional jets, 48 De Havilland Dash-8 turboprops, and 25 Embraer 175s); and Air Canada Rouge employed 39 aircraft (specifically 14 Airbus A321s, 5 Airbus A320s, and 20 Airbus A319s). Beyond passenger transportation, the company also offers air cargo services on domestic, U.S. transborder, and international routes connecting Canada with markets in Europe, Asia, South America, and Australia. Furthermore, Air Canada is involved in the creation, promotion, and sale of vacation travel packages to popular regions such as the Caribbean, Mexico, the United States, Europe, Central and South America, the South Pacific, Australia, and Asia. It also arranges cruise packages across North America, Europe, and the Caribbean, and manages travel loyalty programs. Established in 1937, Air Canada's corporate headquarters are situated in Saint-Laurent, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD23.20 -0.48 (-2.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
1.65
Float Shares
293.08M
Free Float %
99.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.80% -1.73% +2.67% -1.33% +1.21% -0.16% +4.84% -8.81% -20.90% +105.33% -1.63%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (4 ratings, all time) Buy
Price Targets & DCF
Current price
23.20
Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 4 0
Hold 7 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.74
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +0.5% Q1'26: +11.3% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    -60.4% Q1'26: +140.0% (vs Q1'25)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +6.3% Q1'26: +22.8% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +6.2% Q1'26: +4.7% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +13.2% Q1'26: +7.8% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    -14.9% Q1'26: -15.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    3.40× Q1'26: 3.95× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.64) × ERP
WACC = 35% × Ke + 65% × Kd (5.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 23.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
13 Rev. Ana.
7 EPS Ana.
Dec 2027
13 Rev. Ana.
9 EPS Ana.
Dec 2028
8 Rev. Ana.
4 EPS Ana.
Dec 2029
7 Rev. Ana.
2 EPS Ana.
Revenue
10.79B
est: 10.90B (-1.1%)
11.61B
est: 11.82B (-1.7%)
12.11B
est: 12.27B (-1.2%)
12.38B
est: 12.59B (-1.6%)
13.27B
est: 13.46B (-1.4%)
13.87B
est: 13.90B (-0.2%)
14.68B
est: 14.63B (+0.3%)
16.25B
est: 16.18B (+0.4%)
18.00B
est: 18.00B (0.0%)
19.13B
est: 19.28B (-0.7%)
5.83B
est: 5.88B (-0.8%)
6.40B
est: 6.09B (+5.1%)
16.56B
est: 16.40B (+1.0%)
21.83B
est: 22.26B (-1.9%)
22.26B
est: 21.98B (+1.3%)
22.37B
est: 22.12B (+1.2%)
24.85B
24.53B – 26.06B
+12.4% YoY
25.94B
25.28B – 26.74B
+4.4% YoY
27.85B
27.75B – 27.95B
+7.4% YoY
29.48B
28.91B – 30.64B
+5.8% YoY
EBITDA
1.17B
est: 1.13B (+3.4%)
794.00M
est: 669.69M (+18.6%)
875.00M
est: 73.71M (+1,087.1%)
931.00M
est: 593.22M (+56.9%)
940.00M
est: 186.30M (+404.6%)
1.30B
est: 86.00M (+1,409.3%)
2.03B
est: -95.75M (+2,222.2%)
2.55B
est: 1.56B (+62.9%)
2.48B
est: 2.45B (+1.0%)
4.24B
est: 1.01B (+320.7%)
-2.37B
est: 1.48B (-260.2%)
-1.63B
est: 2.73B (-159.6%)
1.01B
est: 3.35B (-69.8%)
4.85B
est: 1.42B (+241.9%)
3.05B
est: 1.40B (+118.0%)
3.41B
est: 1.41B (+142.0%)
1.58B
1.56B – 1.66B
+12.4% YoY
1.65B
1.61B – 1.70B
+4.4% YoY
1.77B
1.77B – 1.78B
+7.4% YoY
1.88B
1.84B – 1.95B
+5.8% YoY
EBIT
372.00M
est: -348.67M (+206.7%)
66.00M
est: 441.04M (-85.0%)
206.00M
est: 185.83M (+10.9%)
353.00M
est: 448.50M (-21.3%)
397.00M
est: 662.77M (-40.1%)
627.00M
est: 854.74M (-26.6%)
1.19B
est: 1.57B (-24.2%)
1.56B
est: 1.39B (+12.5%)
760.00M
est: 1.55B (-51.1%)
2.26B
est: 1.61B (+40.0%)
-4.22B
est: 618.38M (-782.8%)
-3.24B
est: 1.14B (-384.7%)
-628.00M
est: 1.40B (-144.8%)
3.14B
est: -1.26B (+350.1%)
1.25B
est: -1.24B (+200.6%)
1.40B
est: -1.25B (+211.8%)
-1.40B
-1.47B – -1.38B
-12.4% YoY
-1.46B
-1.51B – -1.43B
-4.4% YoY
-1.57B
-1.58B – -1.57B
-7.4% YoY
-1.66B
-1.73B – -1.63B
-5.8% YoY
Net Income
107.00M
est: -26.48M (+504.1%)
-255.00M
est: 115.95M (-319.9%)
127.00M
est: -264.72M (+148.0%)
6.00M
est: 130.34M (-95.4%)
100.00M
est: 6.42M (+1,456.6%)
303.00M
est: 104.88M (+188.9%)
876.00M
est: 318.81M (+174.8%)
2.04B
est: 967.60M (+110.6%)
167.00M
est: 2.26B (-92.6%)
1.48B
est: 39.60M (+3,627.5%)
-4.65B
est: 551.16M (-943.1%)
-3.60B
est: 1.01B (-455.0%)
-1.70B
est: 1.25B (-236.2%)
2.28B
est: 1.60B (+42.6%)
1.72B
est: 1.16B (+48.6%)
644.00M
est: 383.79M (+67.8%)
423.46M
190.71M – 525.74M
+10.3% YoY
601.76M
394.86M – 928.21M
+42.1% YoY
929.50M
754.09M – 1.34B
+54.5% YoY
2.24B
2.19B – 2.36B
+141.3% YoY
SGA
4.29B
est: 2.78B (+54.3%)
805.00M
est: 2.97B (-72.9%)
791.00M
est: 3.19B (-75.2%)
803.00M
est: 3.28B (-75.5%)
759.00M
est: 3.58B (-78.8%)
819.00M
est: 4.03B (-79.7%)
945.00M
est: 4.07B (-76.8%)
1.02B
est: 4.74B (-78.4%)
1.10B
est: 5.15B (-78.6%)
1.27B
est: 5.52B (-77.0%)
624.00M
est: 2.12B (-70.6%)
659.00M
est: 3.91B (-83.1%)
1.27B
est: 4.81B (-73.7%)
1.65B
est: 1.83B (-9.9%)
1.73B
est: 10.88B (-84.1%)
1.77B
est: 1.82B (-3.0%)
2.05B
2.02B – 2.15B
+12.4% YoY
2.14B
2.08B – 2.20B
+4.4% YoY
2.29B
2.29B – 2.30B
+7.4% YoY
2.43B
2.38B – 2.52B
+5.8% YoY
EPS
-0.12
est: -0.20 (+39.0%)
-0.92
est: -0.66 (-39.6%)
-0.51
est: -0.04 (-1,183.8%)
0.02
est: 1.27 (-98.4%)
0.35
est: 1.85 (-81.1%)
1.06
est: 4.16 (-74.5%)
3.16
est: 3.98 (-20.7%)
7.44
est: 4.04 (+83.9%)
0.61
est: 2.40 (-74.6%)
5.51
est: 3.57 (+54.3%)
-16.48
est: -12.67 (-30.1%)
-10.26
est: -10.12 (-1.4%)
-4.75
est: -4.37 (-8.7%)
6.27
est: 4.92 (+27.3%)
4.81
est: 3.57 (+34.7%)
2.07
est: 1.18 (+74.8%)
0.91
0.60 – 1.64
-23.2% YoY
2.06
1.23 – 2.90
+126.8% YoY
3.32
2.36 – 4.19
+60.8% YoY
7.01
6.83 – 7.37
+111.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 1/5 5/5 3/5 1/5 4/5 3/5
2026-05-08 B 3/5 1/5 5/5 3/5 1/5 4/5 3/5
2026-05-07 B 3/5 1/5 5/5 3/5 1/5 4/5 3/5
2026-05-06 B 3/5 1/5 5/5 3/5 1/5 4/5 3/5
2026-05-05 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-05-04 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-05-01 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-30 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-29 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-28 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-27 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-24 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-23 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-22 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-21 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-20 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-17 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-16 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5
2026-04-15 B+ 3/5 1/5 5/5 4/5 1/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.80B
OE per share TTM
6.02
Owner's Yield
31.86%
Maintenance CapEx ratio
48.26%
Maint CapEx / Avg PPE
77.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 GFG CAPITAL, LLC -1.6K (-100.0%) -24.8K (-100.0%) 0.00% -0.001 pp 0.00% -0.007 pp CAD 2 qtrs SOLD
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
37.5K
Shares Outstanding
294.55M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Michael Stewart Rousseau Chief Executive Officer, President & Director 4M male
John Di Bert Executive Vice President & Chief Financial Officer 2M male
Craig Landry Executive Vice President, Chief Innovation Officer & President of Aeroplan 2M male
Mark Youssef Nasr Executive Vice President & Chief Operating Officer 1M male
Arielle Meloul-Wechsler Executive Vice President and Chief Human Resources & Public Affairs 1M female
Mark Galardo Executive Vice President, Chief Commercial Officer & President of Cargo 1M male
Marc Barbeau Executive Vice President, Chief Legal Officer & Corporate Secretary 1M male
Richard Steer Senior Vice President of Operations & Express Carriers male
Amanda Murray Head of Financial Planning, Strategy & Investor Relations
Vincent Morin President of Air Canada Pension Investments male
Captain Murray Strom Senior Vice President of Flight Operations & Maintenance
Chris Isford Vice President & Controller male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits