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Air Canada (DE:ADH2)
FRANKFURT:ADH2
Holding DE:ADH2?
Track your performance easily
Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.17Last Year’s EPS
-€0.08Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 18.91%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated strong financial performance with several key achievements, such as the new pilot agreement and share buyback program. However, challenges like revenue decline and cost pressures were noted. Despite this, the positive aspects, particularly the financial results and demand outlook, outweigh the negatives.Company Guidance
During the Air Canada Q3 2024 earnings call, the company provided updated guidance reflecting their expectations for the full year. Operating revenues were reported at $6.1 billion, with adjusted EBITDA reaching $1.5 billion, resulting in an adjusted EBITDA margin of 24.9%. Adjusted EPS came in at $2.57, surpassing market expectations. The company plans to increase full-year capacity by around 5% compared to 2023, slightly less than previously anticipated due to supply chain and geopolitical challenges. For 2025, Air Canada is targeting mid-single-digit capacity growth, with a focus on operational performance improvements and strategic network expansions. The company announced a new share buyback program, aimed at purchasing up to 10% of the public float, to counteract dilution from pandemic-era financing measures. Full-year adjusted CASM is expected to rise by approximately 2% year-over-year, inclusive of fuel and foreign exchange assumptions. With a strong balance sheet and strategic initiatives, Air Canada remains confident in its ability to deliver long-term shareholder value.Solid Financial Performance
Operating revenues in Q3 were $6.1 billion, with adjusted EBITDA of $1.5 billion and an adjusted EBITDA margin of 24.9%. Adjusted EPS was $2.57, both ahead of market expectations.
Pilot Agreement and Operational Improvements
Air Canada reached a 4-year collective agreement with its pilot group without significant disruption. Operational performance improved with on-time performance (OTP) 8 points better than the same period last year.
Cargo Revenue Growth
Cargo revenues grew 18% year-over-year to $253 million, driven by higher yields and volumes in the Pacific market.
Share Buyback Program
Air Canada's Board of Directors approved a new share buyback program, allowing the company to purchase up to 10% of the public float.
Healthy Demand and Yield Outlook
Air Canada observed healthy demand surpassing 2024 levels and expects a sequential yield improvement in Q4, with early signals indicating a favorable yield environment in Q1.
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DE:ADH2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:ADH2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | €12.43 | €13.79 | +10.98% |
| Aug 07, 2024 | €9.36 | €10.24 | +9.48% |
| May 02, 2024 | €13.61 | €13.79 | +1.36% |
| Feb 16, 2024 | €12.98 | €13.16 | +1.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Air Canada (DE:ADH2) report earnings?
Air Canada (DE:ADH2) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Air Canada (DE:ADH2) earnings time?
Air Canada (DE:ADH2) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Air Canada stock?
The P/E ratio of Air Canada is 3.1.
What is DE:ADH2 EPS forecast?
DE:ADH2 EPS forecast for the fiscal quarter 2024 (Q4) is €0.17.
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