Air Canada
TSX:AC

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Air Canada
TSX:AC
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Price: 19.775 CAD 0.79%
Market Cap: 5.9B CAD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+51%
5Y
+135%
10Y
+60%
Operating Income
+
3Y
-
5Y
-
10Y
-64%
Net Income
+
3Y
+87%
5Y
+91%
10Y
-

Earnings Waterfall
Air Canada

Revenue
22B CAD
Cost of Revenue
-8.5B CAD
Gross Profit
13.5B CAD
Operating Expenses
-13B CAD
Operating Income
513m CAD
Other Expenses
-809m CAD
Net Income
-296m CAD

Income Statement
Air Canada

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Income Statement
Currency: CAD
Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
263
260
254
248
243
243
250
261
269
282
322
344
364
369
348
394
398
397
398
339
330
316
312
310
299
286
273
260
349
351
358
365
281
292
301
303
314
332
330
334
333
316
300
294
273
275
334
399
468
532
528
514
501
480
476
497
567
631
683
699
702
732
765
820
863
896
930
951
951
930
898
837
772
731
686
667
648
Revenue
9 926
N/A
10 065
+1%
10 199
+1%
10 262
+1%
10 481
+2%
10 599
+1%
10 816
+2%
10 976
+1%
11 097
+1%
11 082
0%
10 746
-3%
10 294
-4%
9 889
-4%
9 739
-2%
9 867
+1%
10 162
+3%
10 518
+4%
10 786
+3%
11 020
+2%
11 313
+3%
11 529
+2%
11 612
+1%
11 820
+2%
11 890
+1%
11 974
+1%
12 114
+1%
12 105
0%
12 174
+1%
12 327
+1%
12 382
+0%
12 495
+1%
12 743
+2%
13 062
+3%
13 272
+2%
13 456
+1%
13 565
+1%
13 790
+2%
13 868
+1%
13 962
+1%
14 006
+0%
14 434
+3%
14 677
+2%
14 976
+2%
15 428
+3%
15 857
+3%
16 252
+2%
16 681
+3%
17 104
+3%
17 639
+3%
18 003
+2%
18 366
+2%
18 771
+2%
18 909
+1%
19 131
+1%
18 381
-4%
14 170
-23%
9 374
-34%
5 833
-38%
2 840
-51%
3 150
+11%
4 496
+43%
6 400
+42%
8 244
+29%
11 388
+38%
14 607
+28%
16 556
+13%
18 870
+14%
20 316
+8%
21 338
+5%
21 833
+2%
22 172
+2%
22 264
+0%
22 026
-1%
22 255
+1%
22 225
0%
22 338
+1%
22 006
-1%
Gross Profit
Cost of Revenue
(4 783)
(4 823)
(4 868)
(4 873)
(4 758)
(4 696)
(4 737)
(4 875)
(5 187)
(5 358)
(5 234)
(4 971)
(4 656)
(4 513)
(4 536)
(4 586)
(4 617)
(4 620)
(4 729)
(4 967)
(5 174)
(5 398)
(5 569)
(5 592)
(5 610)
(5 561)
(5 518)
(5 451)
(5 464)
(5 467)
(5 323)
(5 844)
(6 344)
(5 819)
(6 198)
(6 069)
(5 867)
(6 671)
(6 614)
(6 572)
(6 726)
(6 888)
(7 205)
(7 465)
(7 650)
(7 890)
(7 897)
(8 019)
(8 290)
(7 746)
(8 473)
(8 534)
(8 402)
(7 694)
(8 210)
(6 698)
(4 964)
(3 325)
(2 469)
(2 531)
(3 105)
(3 527)
(4 468)
(6 053)
(7 459)
(7 966)
(8 847)
(8 621)
(8 323)
(8 688)
(8 638)
(8 868)
(8 889)
(8 717)
(8 673)
(8 531)
(8 492)
Gross Profit
5 143
N/A
5 242
+2%
5 331
+2%
5 389
+1%
5 723
+6%
5 903
+3%
6 079
+3%
6 101
+0%
5 910
-3%
5 724
-3%
5 512
-4%
5 323
-3%
5 233
-2%
5 226
0%
5 331
+2%
5 576
+5%
5 901
+6%
6 166
+4%
6 291
+2%
6 346
+1%
6 355
+0%
6 214
-2%
6 251
+1%
6 298
+1%
6 364
+1%
6 553
+3%
6 587
+1%
6 723
+2%
6 863
+2%
6 915
+1%
7 172
+4%
6 899
-4%
6 718
-3%
7 453
+11%
7 258
-3%
7 496
+3%
7 923
+6%
7 197
-9%
7 348
+2%
7 434
+1%
7 708
+4%
7 789
+1%
7 771
0%
7 963
+2%
8 207
+3%
8 362
+2%
8 784
+5%
9 085
+3%
9 349
+3%
10 257
+10%
9 893
-4%
10 237
+3%
10 507
+3%
11 437
+9%
10 171
-11%
7 472
-27%
4 410
-41%
2 508
-43%
371
-85%
619
+67%
1 391
+125%
2 873
+107%
3 776
+31%
5 335
+41%
7 148
+34%
8 590
+20%
10 023
+17%
11 695
+17%
13 015
+11%
13 145
+1%
13 534
+3%
13 396
-1%
13 137
-2%
13 538
+3%
13 552
+0%
13 807
+2%
13 514
-2%
Operating Income
Operating Expenses
(4 942)
(4 963)
(5 034)
(5 127)
(5 279)
(5 408)
(5 554)
(5 808)
(5 856)
(5 763)
(5 727)
(5 658)
(5 612)
(5 542)
(5 595)
(5 680)
(5 767)
(5 934)
(5 943)
(5 972)
(6 017)
(6 035)
(6 097)
(6 154)
(6 067)
(6 111)
(6 136)
(6 185)
(6 332)
(6 296)
(6 509)
(6 165)
(5 874)
(6 638)
(6 181)
(6 341)
(6 479)
(5 693)
(5 898)
(6 037)
(6 230)
(6 353)
(6 496)
(6 666)
(6 830)
(6 961)
(7 297)
(7 582)
(7 899)
(8 761)
(8 358)
(8 587)
(8 823)
(9 787)
(9 075)
(8 123)
(6 994)
(6 400)
(5 006)
(4 995)
(5 257)
(5 953)
(6 226)
(6 978)
(7 680)
(8 773)
(9 691)
(10 310)
(10 845)
(10 866)
(11 229)
(11 425)
(11 541)
(12 275)
(12 408)
(12 711)
(13 001)
Selling, General & Administrative
(2 993)
(2 977)
(3 012)
(3 012)
(2 940)
(2 856)
(2 745)
(2 693)
(2 684)
(2 671)
(2 640)
(2 591)
(2 550)
(2 521)
(2 607)
(2 721)
(2 828)
(2 968)
(3 019)
(3 033)
(3 069)
(3 074)
(3 104)
(3 135)
(3 158)
(3 192)
(3 215)
(3 261)
(3 308)
(3 666)
(3 816)
(3 856)
(3 887)
(3 844)
(3 739)
(3 799)
(3 876)
(3 872)
(4 015)
(4 090)
(4 198)
(4 293)
(4 365)
(4 463)
(4 564)
(4 616)
(4 719)
(4 809)
(4 909)
(5 162)
(5 179)
(5 299)
(5 372)
(5 685)
(5 462)
(4 731)
(3 990)
(3 338)
(2 525)
(2 581)
(2 805)
(3 216)
(3 615)
(4 190)
(4 709)
(5 424)
(6 079)
(6 507)
(6 885)
(6 955)
(7 226)
(7 355)
(7 375)
(8 033)
(8 168)
(8 471)
(8 712)
Depreciation & Amortization
(484)
(514)
(528)
(543)
(557)
(557)
(595)
(628)
(660)
(694)
(682)
(674)
(669)
(660)
(697)
(725)
(739)
(801)
(790)
(781)
(781)
(728)
(720)
(703)
(688)
(669)
(638)
(601)
(561)
(578)
(558)
(556)
(568)
(543)
(557)
(606)
(629)
(655)
(684)
(709)
(764)
(816)
(862)
(902)
(923)
(956)
(1 146)
(1 335)
(1 522)
(1 701)
(1 718)
(1 758)
(1 846)
(1 967)
(1 975)
(1 975)
(1 868)
(1 835)
(1 761)
(1 694)
(1 685)
(1 602)
(1 606)
(1 609)
(1 622)
(1 632)
(1 665)
(1 676)
(1 678)
(1 692)
(1 717)
(1 747)
(1 781)
(1 784)
(1 852)
(1 895)
(1 950)
Other Operating Expenses
(1 465)
(1 472)
(1 494)
(1 572)
(1 782)
(1 995)
(2 214)
(2 487)
(2 512)
(2 398)
(2 405)
(2 393)
(2 393)
(2 361)
(2 291)
(2 234)
(2 200)
(2 165)
(2 134)
(2 158)
(2 167)
(2 233)
(2 273)
(2 316)
(2 221)
(2 250)
(2 283)
(2 323)
(2 463)
(2 052)
(2 135)
(1 753)
(1 419)
(2 251)
(1 885)
(1 936)
(1 974)
(1 166)
(1 199)
(1 238)
(1 268)
(1 244)
(1 269)
(1 301)
(1 343)
(1 389)
(1 432)
(1 438)
(1 468)
(1 898)
(1 459)
(1 529)
(1 605)
(2 135)
(1 638)
(1 417)
(1 136)
(1 227)
(720)
(720)
(767)
(1 135)
(1 005)
(1 179)
(1 349)
(1 717)
(1 947)
(2 127)
(2 280)
(2 219)
(2 284)
(2 323)
(2 385)
(2 458)
(2 388)
(2 345)
(2 339)
Operating Income
201
N/A
279
+39%
297
+6%
262
-12%
444
+69%
495
+11%
525
+6%
293
-44%
54
-82%
(39)
N/A
(215)
-451%
(335)
-56%
(379)
-13%
(316)
+17%
(264)
+16%
(104)
+61%
134
N/A
232
+73%
348
+50%
374
+7%
338
-10%
179
-47%
154
-14%
144
-6%
297
+106%
442
+49%
451
+2%
538
+19%
531
-1%
619
+17%
663
+7%
734
+11%
844
+15%
815
-3%
1 077
+32%
1 155
+7%
1 444
+25%
1 504
+4%
1 450
-4%
1 397
-4%
1 478
+6%
1 436
-3%
1 275
-11%
1 297
+2%
1 377
+6%
1 401
+2%
1 487
+6%
1 503
+1%
1 450
-4%
1 496
+3%
1 535
+3%
1 650
+7%
1 684
+2%
1 650
-2%
1 096
-34%
(651)
N/A
(2 584)
-297%
(3 892)
-51%
(4 635)
-19%
(4 376)
+6%
(3 866)
+12%
(3 080)
+20%
(2 450)
+20%
(1 643)
+33%
(532)
+68%
(183)
+66%
332
N/A
1 385
+317%
2 170
+57%
2 279
+5%
2 305
+1%
1 971
-14%
1 596
-19%
1 263
-21%
1 144
-9%
1 096
-4%
513
-53%
Pre-Tax Income
Interest Income Expense
(78)
(179)
(91)
(35)
68
194
(1)
49
(247)
(788)
(839)
(662)
(214)
397
650
(38)
(219)
(197)
(185)
44
(377)
(397)
(509)
(548)
(147)
(228)
(274)
(265)
(352)
(402)
(541)
(384)
(477)
(561)
(801)
(815)
(994)
(1 065)
(615)
(697)
(461)
(302)
(254)
(154)
(32)
(72)
(389)
(610)
(569)
(1 003)
(514)
(269)
(368)
206
(802)
(753)
(732)
(1 034)
(537)
(781)
(955)
(794)
(719)
(658)
(1 626)
(1 327)
(1 059)
(960)
126
(16)
(39)
(96)
(132)
(672)
(704)
(934)
(571)
Non-Reccuring Items
(28)
(20)
8
8
8
0
(125)
0
0
(125)
0
0
0
0
0
0
0
46
0
0
0
0
0
0
0
0
(24)
0
0
0
0
0
0
0
0
0
0
(8)
0
0
0
(180)
(210)
(210)
(213)
(9)
32
31
33
9
0
0
0
6
0
(230)
(38)
116
243
406
207
(71)
(210)
(137)
(113)
(18)
0
0
(38)
(10)
(54)
(54)
(47)
(8)
38
38
(135)
Gain/Loss on Disposition of Assets
(25)
(6)
(1)
12
9
19
(24)
(31)
(29)
(34)
2
(76)
(75)
(95)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19
26
52
52
52
0
(186)
(188)
(188)
0
0
0
13
0
0
0
18
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(19)
1
(22)
(25)
(11)
(18)
(16)
(11)
(10)
(3)
(2)
(2)
(5)
0
(115)
(67)
(87)
(106)
(94)
(78)
(62)
(32)
(95)
(159)
(230)
(294)
(274)
(257)
(231)
(215)
(201)
(183)
(168)
(149)
(139)
(130)
(126)
(123)
(117)
(92)
(78)
(96)
(74)
(94)
(96)
(86)
(60)
(88)
(87)
(86)
(279)
(91)
(104)
(100)
(80)
(73)
(52)
(61)
(35)
(30)
(25)
(36)
(29)
(24)
(16)
4
(6)
(10)
(22)
(41)
(42)
(43)
(59)
(68)
(65)
(88)
(81)
Pre-Tax Income
51
N/A
75
+47%
191
+155%
222
+16%
518
+133%
690
+33%
359
-48%
300
-16%
(232)
N/A
(989)
-326%
(1 054)
-7%
(1 075)
-2%
(673)
+37%
(14)
+98%
271
N/A
(209)
N/A
(172)
+18%
(25)
+85%
69
N/A
340
+393%
(101)
N/A
(250)
-148%
(450)
-80%
(563)
-25%
(80)
+86%
(80)
N/A
(121)
-51%
16
N/A
(52)
N/A
2
N/A
(79)
N/A
167
N/A
199
+19%
105
-47%
137
+30%
210
+53%
324
+54%
308
-5%
718
+133%
608
-15%
939
+54%
877
-7%
763
-13%
891
+17%
1 088
+22%
1 286
+18%
1 070
-17%
650
-39%
639
-2%
228
-64%
742
+225%
1 288
+74%
1 212
-6%
1 775
+46%
214
-88%
(1 707)
N/A
(3 406)
-100%
(4 853)
-42%
(4 964)
-2%
(4 781)
+4%
(4 639)
+3%
(3 981)
+14%
(3 408)
+14%
(2 462)
+28%
(2 287)
+7%
(1 524)
+33%
(733)
+52%
415
N/A
2 236
+439%
2 212
-1%
2 170
-2%
1 778
-18%
1 358
-24%
515
-62%
413
-20%
112
-73%
(274)
N/A
Net Income
Tax Provision
35
3
(21)
(57)
(165)
(190)
(147)
(149)
(20)
(24)
(70)
(15)
(7)
5
4
7
7
1
0
1
1
1
1
(1)
(1)
(1)
(1)
0
8
8
8
8
0
0
0
0
0
0
0
0
0
(1)
(1)
(4)
754
743
769
776
(234)
(191)
(157)
(258)
(248)
(299)
(132)
(306)
72
206
62
466
369
379
136
(31)
(74)
(176)
11
87
24
64
21
(15)
1 190
1 205
1 286
1 363
(22)
Income from Continuing Operations
86
78
170
165
353
500
212
151
(252)
(1 013)
(1 124)
(1 090)
(680)
(9)
275
(202)
(165)
(24)
69
341
(100)
(249)
(449)
(564)
(81)
(81)
(122)
16
(44)
10
(71)
175
199
105
137
210
324
308
718
608
939
876
762
887
1 842
2 029
1 839
1 426
405
37
585
1 030
964
1 476
82
(2 013)
(3 334)
(4 647)
(4 902)
(4 315)
(4 270)
(3 602)
(3 272)
(2 493)
(2 361)
(1 700)
(722)
502
2 260
2 276
2 191
1 763
2 548
1 720
1 699
1 475
(296)
Income to Minority Interest
(151)
(152)
(152)
(144)
(103)
(71)
(37)
(9)
(11)
(12)
(13)
(14)
(15)
(15)
(13)
(12)
(11)
(9)
(9)
(7)
(6)
(6)
(5)
(5)
(5)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(4)
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(65)
N/A
(74)
-14%
18
N/A
21
+17%
250
+1 090%
429
+72%
175
-59%
142
-19%
(263)
N/A
(1 025)
-290%
(1 137)
-11%
(1 104)
+3%
(695)
+37%
(24)
+97%
262
N/A
(214)
N/A
(176)
+18%
(33)
+81%
60
N/A
334
+457%
(106)
N/A
(255)
-141%
(509)
-100%
(624)
-23%
(141)
+77%
(140)
+1%
(126)
+10%
12
N/A
(48)
N/A
6
N/A
(75)
N/A
171
N/A
194
+13%
100
-48%
132
+32%
205
+55%
319
+56%
303
-5%
714
+136%
605
-15%
938
+55%
876
-7%
762
-13%
887
+16%
1 842
+108%
2 029
+10%
1 839
-9%
1 426
-22%
405
-72%
37
-91%
585
+1 481%
1 030
+76%
964
-6%
1 476
+53%
82
-94%
(2 013)
N/A
(3 334)
-66%
(4 647)
-39%
(4 902)
-5%
(4 315)
+12%
(4 270)
+1%
(3 602)
+16%
(3 272)
+9%
(2 493)
+24%
(2 361)
+5%
(1 700)
+28%
(722)
+58%
502
N/A
2 260
+350%
2 276
+1%
2 191
-4%
1 763
-20%
2 548
+45%
1 720
-32%
1 699
-1%
1 475
-13%
(296)
N/A
EPS (Diluted)
-0.67
N/A
-0.83
-24%
0.18
N/A
0.21
+17%
2.5
+1 090%
4.25
+70%
1.75
-59%
1.42
-19%
-2.63
N/A
-10.25
-290%
-11.37
-11%
-11.04
+3%
-6.12
+45%
-0.18
+97%
0.95
N/A
-0.75
N/A
-0.61
+19%
-0.12
+80%
0.22
N/A
1.2
+445%
-0.39
N/A
-0.92
-136%
-1.83
-99%
-2.25
-23%
-0.5
+78%
-0.5
N/A
-0.46
+8%
0.03
N/A
-0.16
N/A
0.02
N/A
-0.27
N/A
0.58
N/A
0.65
+12%
0.34
-48%
0.45
+32%
0.69
+53%
1.08
+57%
1.04
-4%
2.48
+138%
2.14
-14%
3.34
+56%
3.11
-7%
2.79
-10%
3.2
+15%
6.64
+108%
7.3
+10%
6.73
-8%
5.22
-22%
1.46
-72%
0.13
-91%
2.13
+1 538%
3.77
+77%
3.57
-5%
5.43
+52%
0.31
-94%
-7.4
N/A
-11.22
-52%
-16.48
-47%
-14.63
+11%
-12.15
+17%
-11.92
+2%
-10.26
+14%
-9.13
+11%
-6.97
+24%
-6.6
+5%
-4.75
+28%
-1.92
+60%
1.32
N/A
6.03
+357%
6.05
+0%
6.12
+1%
4.68
-24%
6.77
+45%
4.57
-32%
5.14
+12%
4.32
-16%
-0.99
N/A

See Also

Summary
AC intrinsic value, competitors valuation, and company profile.
DCF Valuation
AC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
AC stock valuation using valuation multiples.
Wall Street Estimates
AC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
AC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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