Cost EfficienciesCost efficiencies for Air Canada are expected to materialize after 2026 due to the time required to restore the network and refresh the narrow-body fleet.
EBITDA MarginsAir Canada's EBITDA margins are projected to be 16.1% in 2024, which is a decrease of 210 basis points year-over-year and below the target of over 20%.
Free Cash FlowAir Canada is estimated to generate just $150 million in free cash flow from 2024 to 2026, significantly lower than its competitors United Airlines and Delta Air Lines.