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Air Canada ( (TSE:AC) ) has shared an update.
Air Canada reported record operating revenues of $22.3 billion for the full year 2024, despite a decline in operating income and cash flow. The company successfully navigated market challenges by enhancing customer experience and operations, including a significant improvement in on-time performance. Additionally, Air Canada completed its share buyback program, purchasing over 20 million shares in 2024, and secured a new contract with its pilots with minimal disruption. Moving forward, Air Canada remains well-positioned to leverage its strengths and adapt to industry changes.
More about Air Canada
Air Canada is a prominent player in the aviation industry, known for its extensive global network and premium products. The company focuses on providing air transportation services to millions of passengers annually, leveraging its iconic brand and competitive advantages in a dynamic market environment.
YTD Price Performance: -18.15%
Average Trading Volume: 272,066
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $4.56B
For a thorough assessment of AC stock, go to TipRanks’ Stock Analysis page.
