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Air Canada Earnings Calls
| Release date | Nov 04, 2025 |
| EPS estimate | $0.280 |
| EPS actual | $0.750 |
| EPS Surprise | 167.57% |
| Revenue estimate | 5.559B |
| Revenue actual | 5.774B |
| Revenue Surprise | 3.87% |
| Release date | Jul 28, 2025 |
| EPS estimate | $0.81 |
| EPS actual | $0.545 |
| EPS Surprise | -32.72% |
| Revenue estimate | 5.82B |
| Revenue actual | 5.632B |
| Revenue Surprise | -3.23% |
| Release date | May 08, 2025 |
| EPS estimate | -$0.540 |
| EPS actual | -$0.450 |
| EPS Surprise | 16.67% |
| Revenue estimate | 5.285B |
| Revenue actual | 5.196B |
| Revenue Surprise | -1.69% |
| Release date | Feb 14, 2025 |
| EPS estimate | $0.220 |
| EPS actual | $0.250 |
| EPS Surprise | 13.64% |
| Revenue estimate | 5.138B |
| Revenue actual | 5.404B |
| Revenue Surprise | 5.17% |
Last 4 Quarters for Air Canada
Below you can see how AC.TO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Feb 14, 2025 |
| Price on release | $17.75 |
| EPS estimate | $0.220 |
| EPS actual | $0.250 |
| EPS surprise | 13.64% |
| Date | Price |
|---|---|
| Feb 10, 2025 | $17.74 |
| Feb 11, 2025 | $18.04 |
| Feb 12, 2025 | $18.17 |
| Feb 13, 2025 | $18.22 |
| Feb 14, 2025 | $17.75 |
| Feb 18, 2025 | $17.48 |
| Feb 19, 2025 | $17.45 |
| Feb 20, 2025 | $17.22 |
| Feb 21, 2025 | $16.84 |
| 4 days before | 0.0564% |
| 4 days after | -5.13% |
| On release day | -1.52% |
| Change in period | -5.07% |
| Release date | May 08, 2025 |
| Price on release | $15.30 |
| EPS estimate | -$0.540 |
| EPS actual | -$0.450 |
| EPS surprise | 16.67% |
| Date | Price |
|---|---|
| May 02, 2025 | $14.69 |
| May 05, 2025 | $15.00 |
| May 06, 2025 | $14.79 |
| May 07, 2025 | $14.98 |
| May 08, 2025 | $15.30 |
| May 09, 2025 | $17.54 |
| May 12, 2025 | $18.37 |
| May 13, 2025 | $18.99 |
| May 14, 2025 | $18.62 |
| 4 days before | 4.15% |
| 4 days after | 21.70% |
| On release day | 14.64% |
| Change in period | 26.75% |
| Release date | Jul 28, 2025 |
| Price on release | $22.04 |
| EPS estimate | $0.81 |
| EPS actual | $0.545 |
| EPS surprise | -32.72% |
| Date | Price |
|---|---|
| Jul 22, 2025 | $21.58 |
| Jul 23, 2025 | $22.18 |
| Jul 24, 2025 | $21.87 |
| Jul 25, 2025 | $21.98 |
| Jul 28, 2025 | $22.04 |
| Jul 29, 2025 | $19.34 |
| Jul 30, 2025 | $19.67 |
| Jul 31, 2025 | $19.30 |
| Aug 01, 2025 | $19.06 |
| 4 days before | 2.13% |
| 4 days after | -13.52% |
| On release day | -12.25% |
| Change in period | -11.68% |
| Release date | Nov 04, 2025 |
| Price on release | $18.76 |
| EPS estimate | $0.280 |
| EPS actual | $0.750 |
| EPS surprise | 167.57% |
| Date | Price |
|---|---|
| Oct 29, 2025 | $18.12 |
| Oct 30, 2025 | $18.24 |
| Oct 31, 2025 | $18.44 |
| Nov 03, 2025 | $18.85 |
| Nov 04, 2025 | $18.76 |
| Nov 05, 2025 | $18.75 |
| Nov 06, 2025 | $18.15 |
| Nov 07, 2025 | $18.62 |
| Nov 10, 2025 | $18.50 |
| 4 days before | 3.53% |
| 4 days after | -1.39% |
| On release day | -0.0533% |
| Change in period | 2.10% |
Air Canada Earnings Call Transcript Summary of Q3 2025
Air Canada reported a solid Q3 2025 but was materially impacted by a labor disruption in August that reduced revenue and EBITDA. Reported Q3 operating revenues were $5.8B (down 5% YoY) and adjusted EBITDA was $961M (down $562M YoY), with management estimating roughly $375–430M of net disruption impact to EBITDA and revenues. Operational metrics (on-time performance, Net Promoter Score) improved and bookings recovered quickly after the disruption; booking trends into Q4 are strong and management expects year-over-year adjusted EBITDA growth in Q4. Updated 2025 guidance: capacity +~0.75% vs. 2024, adjusted CASM $0.146–$0.147, adjusted EBITDA $2.95–$3.05B, full-year free cash flow breakeven to $200M, and ~ $3B CapEx for the year. Fleet plan: deliveries have been delayed (fewer A220/A321XLR/787-10 availability in 2026 than originally expected), 35 aircraft additions expected in 2025, and a modified 787-10 order (14 firm vs. 18). All 737 MAX aircraft will transition to Rouge (aim to complete in 2026) to create a lower-cost leisure platform. Air Canada remains focused on a $150M recurring cost reduction program, preserving liquidity ($8.3B total) and returning value via a renewed NCIB; ~62M shares repurchased to date and convertible debt extinguished. Management expects 2026 to have some near-term margin pressure from delayed fleet benefits and step-up in unionized labor costs, but maintains confidence in reaching mid/long-term margin targets (high-teens) by 2027–28.
