Ticker: AC.TO

Michael Rousseau, CEO of Air Canada, will retire by the end of Q3 2026. This leadership change marks a significant shift for the airline amid evolving market conditions. Details on the transition timeline remain sparse.

Air Canada (TSX: AC) and CUPE reach tentative pact with 10,400 flight attendants, ending pickets. Ratification pending. Operational relief likely, but higher labor costs could squeeze margins-watch schedules, unit costs and management guidance.

Air Canada (TSX: AC.TO) revises its 2024 profit forecast due to market over-capacity and competition, projecting an adjusted EBITDA of C$3.1 billion to C$3.4 billion, down from C$3.7 billion to C$4.2 billion. Q2 operating revenue hits C$5.5 billion, shy of expectations.