tiprankstipranks
Air Canada Reports Strong Q3 Amid Revenue Decline
Company Announcements

Air Canada Reports Strong Q3 Amid Revenue Decline

Story Highlights

Air Canada (TSE:AC) has released an update.

Pick the best stocks and maximize your portfolio:

Air Canada reported a decline in third quarter revenue and operating income for 2024, yet exceeded market expectations in adjusted earnings per share and EBITDA. The company managed to increase cash flow, improved operational performance, and announced a new share buyback program to enhance shareholder value. Despite challenges, including pilot contract negotiations, Air Canada maintained strong customer service and is optimistic about future growth.

For further insights into TSE:AC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAir Canada price target raised to C$28 from C$25.50 at Stifel
TheFlyAir Canada price target raised to C$31 from C$29 at BMO Capital
TipRanks Canadian Auto-Generated NewsdeskAir Canada Reveals Ambitious 2028 Financial Targets
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App