Air Canada
TSX:AC
Income Statement
Earnings Waterfall
Air Canada
Revenue
|
21.8B
CAD
|
Cost of Revenue
|
-8.7B
CAD
|
Gross Profit
|
13.1B
CAD
|
Operating Expenses
|
-10.9B
CAD
|
Operating Income
|
2.3B
CAD
|
Other Expenses
|
-3m
CAD
|
Net Income
|
2.3B
CAD
|
Income Statement
Air Canada
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12 382
N/A
|
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%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(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)
|
|
Gross Profit |
6 915
N/A
|
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%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(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)
|
|
Selling, General & Administrative |
(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)
|
|
Depreciation & Amortization |
(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)
|
|
Other Operating Expenses |
(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)
|
|
Operating Income |
619
N/A
|
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%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(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)
|
|
Non-Reccuring Items |
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)
|
|
Gain/Loss on Disposition of Assets |
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
|
|
Total Other Income |
(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)
|
|
Pre-Tax Income |
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%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
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
|
|
Income from Continuing Operations |
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
|
|
Income to Minority Interest |
(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
|
|
Net Income (Common) |
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%
|
|
EPS (Diluted) |
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%
|