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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

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19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Air Canada mobile app breach affects 20,000 people - CBC News
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - :AIR CANADA SAYS PERSONAL INFORMATION FOR ABOUT 20,000 CUSTOMERS "MAY POTENTIALLY HAVE BEEN IMPROPERLY ACCESSED" VIA BREACH IN ITS MOBILE APP - CBC NEWS.AIR CANADA HAS LOCKED DOWN ALL 1.7 MILLION ACCOUNTS AS A PRECAUTION UNTIL CUSTOMERS CHANGE THEIR PASSWORDS - CBC NEWS.  Full Article

Air Canada Expands Acceptance Of Alipay And Wechat Pay To North American And Hong Kong Websites
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Air Canada ::AIR CANADA EXPANDS ACCEPTANCE OF ALIPAY AND WECHAT PAY TO NORTH AMERICAN AND HONG KONG WEBSITES.  Full Article

Air Canada Reports Q2 Adj. Earnings Per Share $0.41
Friday, 27 Jul 2018 

July 27 (Reuters) - Air Canada ::REPORTS SECOND QUARTER 2018 RESULTS.QTRLY ADJUSTED EARNINGS PER SHARE $0.41.QTRLY AIR CANADA'S COST PER AVAILABLE SEAT MILE INCREASED 5.6 PER CENT FROM Q2 OF 2017.QTRLY LOSS PER SHARE $0.28.EXPECTS POSITIVE FREE CASH FLOW IN RANGE OF $350 TO $500 MILLION IN 2018.QTRLY OPERATING REVENUES $ 4,333 MILLION VERSUS $ 3,910 MILLION REPORTED LAST YEAR.QTRLY PASSENGER REVENUE PER RPM (“YIELD”) 17.3 CENTS VERSUS 17.0 CENTS REPORTED LAST YEAR.SEES ADJUSTED CASM FOR Q3 2018 INCREASE OF 2.0% TO 3.0%.QTRLY PASSENGER REVENUE PER ASM ("PRASM") 14.4 CENTS VERSUS 14.0 CENTS.SEES ADJUSTED CASM FOR FULL YEAR 2018 TO RANGE BETWEEN A DECREASE OF 0.5% TO AN INCREASE OF 1.0%.FOR Q3 EXPECTS ADJUSTED CASM (WHICH EXCLUDES FUEL EXPENSE, COST OF GROUND PACKAGES AT VACATIONS & SPECIAL ITEMS) TO RISE 2 TO 3 PER CENT VERSUS Q3 2017.CONTINUES TO EXPECT TO ACHIEVE AN ANNUAL EBITDAR MARGIN OF 17-20 PER CENT IN 2019 AND 2020.QTRLY ADJUSTED CASM 10.6 CENTS VERSUS 10.7 CENTS.Q2 OF 2018 INCLUDED A LOSS ON DISPOSAL OF ASSETS OF $186 MILLION AND LOSSES ON FOREIGN EXCHANGE OF $25 MILLION.Q2 EARNINGS PER SHARE VIEW C$0.28, REVENUE VIEW C$4.31 BILLION -- THOMSON REUTERS I/B/E/S.ESTIMATE WILL BE ABLE TO MITIGATE ABOUT 75 PER CENT OF EXPECTED 2018 ANNUAL FUEL PRICE INCREASE THROUGH FARE INCREASES, OTHER INITIATIVES.FOR FY 2018 NOW EXPECTS DEPRECIATION, AMORTIZATION AND IMPAIRMENT EXPENSE TO INCREASE BY ABOUT $125 MILLION FROM FULL YEAR 2017.  Full Article

Aimia Acknowledges Receipt Of Proposal To Acquire Aeroplan Business
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Aimia Inc ::AIMIA ACKNOWLEDGES RECEIPT OF A PROPOSAL TO ACQUIRE AEROPLAN BUSINESS.AIMIA - BOARD FORMED SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS SOME TIME AGO IN CONNECTION WITH THE CONDITIONAL PROPOSAL FROM AIR CANADA LED CONSORTIUM.AIMIA - SPECIAL COMMITTEE WILL CONSIDER PROPOSAL FROM CONSORTIUM TO ASSESS WHETHER IT IS IN BEST INTERESTS.  Full Article

Air Canada Renews Normal Course Issuer Bid And Automatic Share Purchase Plan
Tuesday, 29 May 2018 

May 28 (Reuters) - Air Canada ::AIR CANADA RENEWS NORMAL COURSE ISSUER BID AND AUTOMATIC SHARE PURCHASE PLAN.AIR CANADA - RENEWED NORMAL COURSE ISSUER BID FOR ITS CLASS A VARIABLE VOTING SHARES AND CLASS B VOTING SHARES TO BUY UP TO 24 MILLION SHARES.AIR CANADA - IN CONNECTION WITH RENEWAL OF ISSUER BID, AIR CANADA HAS RENEWED ITS AUTOMATIC SHARE PURCHASE PLAN.  Full Article

American Express Canada Says Reached Agreement With Aimia And Air Canada To Extend Agreement To Remain Payments Card Partner
Tuesday, 15 May 2018 

May 14 (Reuters) - American Express Canada ::AMERICAN EXPRESS CANADA - REACHED AGREEMENT WITH AIMIA AND AIR CANADA TO EXTEND AGREEMENT TO REMAIN PAYMENTS CARD PARTNER IN AEROPLAN REWARDS PROGRAM.AMERICAN EXPRESS CANADA - RENEWED CONTRACT EXTENDS THROUGH TO JUNE 29, 2020, TO BE COTERMINOUS WITH AIR CANADA'S PARTICIPATION IN AEROPLAN.  Full Article

Air Canada Sees Strong Year-Over-Year Revenue Growth In Q2
Monday, 30 Apr 2018 

April 30 (Reuters) - Air Canada ::SAYS EXPECTS STRONG YEAR-OVER-YEAR REVENUE GROWTH IN Q2- CONF CALL.  Full Article

Air Canada Qtrly Loss Per Share $0.62
Monday, 30 Apr 2018 

April 30 (Reuters) - Air Canada ::REPORTS FIRST QUARTER 2018 RESULTS.AIR CANADA CONTINUES TO EXPECT POSITIVE FREE CASH FLOW IN RANGE OF $250 MILLION TO $500 MILLION IN 2018.AIR CANADA IS NOT PLANNING ANY SALE-LEASEBACK TRANSACTIONS IN 2018.QTRLY OPERATING REVENUES $4,071 MILLION VERSUS $3,642 MILLION.QTRLY LOSS PER SHARE $0.62.QTRLY ADJUSTED LOSS PER SHARE $0.19.QTRLY PASSENGER REVENUE PER RPM ("YIELD") 17.1 CENTS VERSUS 17.0 CENTS.QTRLY ADJUSTED LOSS PER SHARE $0.19.QTRLY PASSENGER REVENUE PER ASM ("PRASM") 14.0 CENTS VERSUS 13.6 CENTS.QTRLY ADJUSTED CASM 11.5 CENTS VERSUS 11.5 CENTS.IN Q1 2017, CO RECORDED PROVISION OF $30 MILLION RELATED TO FINE WHICH WAS REINSTATED BY A EUROPEAN COMMISSION DECISION RELATED TO CARGO INVESTIGATIONS.FOR Q2, CO EXPECTS ADJUSTED CASM TO INCREASE 0.5 TO 1.5 PER CENT WHEN COMPARED TO Q2 OF 2017.NOW EXPECTS FY 2018 ADJUSTED CASM TO RANGE BETWEEN A DECREASE OF 0.5 PER CENT TO AN INCREASE OF 1.0 PER CENT WHEN COMPARED TO FULL YEAR 2017.AIR CANADA NOW EXPECTS FY 2018 AIRCRAFT MAINTENANCE EXPENSE TO INCREASE BY APPROXIMATELY $90 MILLION FROM FULL YEAR 2017.Q1 EARNINGS PER SHARE VIEW C$-0.44, REVENUE VIEW C$4.02 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Air China And Air Canada Expand Strategic Cooperation
Wednesday, 13 Dec 2017 

Dec 12 (Reuters) - Air Canada ::AIR CHINA AND AIR CANADA EXPAND STRATEGIC COOPERATION, STRENGTHENING CANADA-CHINA NETWORK IN ADVANCE OF FULL JOINT VENTURE.- AIR CHINA TO PLACE ITS CODE ON AIR CANADA'S NEW DAILY MONTREAL-SHANGHAI FLIGHT.- AIR CHINA TO ALSO PLACE ITS CODE ON AIR CANADA'S FLIGHTS FROM VANCOUVER TO VICTORIA, KELOWNA, SASKATOON, AND REGINA.SAYS ‍EXPANDED CODESHARE COOPERATION IS PLANNED TO COME INTO EFFECT IN APRIL 2018​.- CO TO PLACE CODE ON AIR CHINA'S FLIGHTS BETWEEN BEIJING & ZHENGZHOU, XIAMEN, SHENZHEN & NANJING, AIR CHINA'S FLIGHT BETWEEN MONTREAL-HAVANA.- BOTH CARRIERS HAVE ALSO IMPLEMENTED AN EXPANDED LOUNGE AGREEMENT.  Full Article

Air Canada Says Air Canada Rouge To Launch Non-Stop Montreal-Victoria Flights For Summer 2018
Friday, 1 Dec 2017 

Air Canada ::AIR CANADA SAYS AIR CANADA ROUGE TO LAUNCH NON-STOP MONTREAL-VICTORIA FLIGHTS FOR SUMMER 2018.  Full Article

U.S. cites Air Canada crew mistakes for near-disaster

WASHINGTON, Sept 25 A potentially "catastrophic" incident involving an Air Canada passenger jet that overflew other aircraft at close range on a San Francisco International Airport taxiway was the result of crew errors, the U.S. National Transportation Safety Board (NTSB) said on Tuesday.