Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's... see more

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Air Canada > New Press Release - Air Canada Issues Annual Report Highlighting its Achievements in 2023

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Post by PressRelease on Mar 26, 2024 10:00am

New Press Release - Air Canada Issues Annual Report Highlighting its Achievements in 2023

Airline had record operating revenue, advanced strategic initiativesMONTREAL, March 26, 2024 /CNW/ - Air Canada today issued its 2023 Annual Report highlighting the carrier's achievements for the year. In addition to its strong financial results, including record annual revenue, the airline made...read article.

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Comment by Rouge10 on Mar 26, 2024 9:23pm

Point to be noted as explained/presented in earlier posts: In 2023 1. AC produced $4.3B cash flow from operations with EBITDA of $4.0B 2. Capex of $1.6B and produced $2.75B FCF (highest ever other than Aeroplan transaction ). 3. All of $2.7B FCF helped AC deleverage and net debt reduced by almost $3.0b . LR of 1.1 is now within target. What does above mean for 2024 and beyond: 1. AC is ...more

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