Air Canada (OTCMKTS:ACDVF – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16, Zacks reports. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.82 billion.
Air Canada Stock Performance
Shares of ACDVF opened at $15.60 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The company has a 50-day moving average of $18.48 and a two-hundred day moving average of $16.08. Air Canada has a 12-month low of $12.03 and a 12-month high of $22.52. The stock has a market cap of $3.94 billion, a P/E ratio of 15.29, a PEG ratio of 2.14 and a beta of 1.45.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on ACDVF shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Jefferies Financial Group cut shares of Air Canada from a “hold” rating to an “underperform” rating in a research note on Monday, October 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on ACDVF
Key Air Canada News
Here are the key news stories impacting Air Canada this week:
- Positive Sentiment: Third-quarter operating revenue reached a record C$6.984 billion, up 14% year over year in total unit revenue. Adjusted EBITDA was C$936 million and operating income was C$261 million. Air Canada Reports Third Quarter 2026 Financial Results
- Positive Sentiment: Adjusted earnings of C$0.54 per share exceeded the C$0.38 consensus estimate, while revenue also surpassed expectations. Air Canada Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Air Canada used Aeroplan transaction proceeds to repay C$1.7 billion of debt and completed an C$800 million substantial issuer bid, actions that could improve its balance sheet and reduce shares outstanding. Air Canada Reports Third Quarter 2026 Financial Results
- Neutral Sentiment: A proposed expansion of the United Airlines–Air Canada joint venture could support pricing power and transborder revenue, but it may face competition or regulatory scrutiny, particularly as U.S.-Canada travel demand remains affected by trade tensions. United-Air Canada Joint Venture Could Drive Up Fares
- Negative Sentiment: Air Canada cut its 2026 adjusted EBITDA forecast to C$2.4 billion–C$2.7 billion from C$2.9 billion–C$3.2 billion. Management said fuel-cost inflation is outpacing fare increases, squeezing margins despite strong demand and revenue growth. Air Canada Cuts 2026 Core Profit Forecast
About Air Canada
Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.
In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.
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