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Air Canada (AC.TO)

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Latest Key Developments (Source: Significant Developments)

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

Air Canada partners with Adyen to expand local payment methods
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Air Canada :Air Canada expands acceptance of alternative payments for international transactions to support global growth strategy.Air Canada - ‍announced a partnership with Adyen that will expand range of local payment methods available to customers​.  Full Article

Air Canada establishes automatic share purchase plan
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Air Canada :Air Canada establishes automatic share purchase plan.Normal course issuer bid to purchase for cancellation, up to 22.4 million class A variable voting shares and class B voting shares​.Issuer bid commenced on May 31, 2017 and is scheduled to terminate on May 30, 2018​.  Full Article

Air Canada reports record third quarter 2017 results
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Air Canada :Air Canada reports record third quarter 2017 results.Q3 adjusted earnings per share c$3.43.Q3 earnings per share c$6.44.Air Canada qtrly adjusted CASM 9.2‍​ cents versus 9.4 cents.Air Canada - Q3 operating revenue C$‍​4,880 million versus C$4,451 million.Air Canada - qtrly passenger revenue per RPM 16.6 cents versus 16.6 cents.Q3 earnings per share view C$3.28, revenue view C$4.88 billion -- Thomson Reuters I/B/E/S.Air Canada - ‍for Q4 of 2017, Air Canada expects adjusted casm to decrease 0.5 to 1.5 per cent when compared to Q4 of 2016​.Air Canada - qtrly passenger revenue per ASM 14.2 cents versus 14.2 cents.Air Canada - ‍now expects 2017 aircraft maintenance expense to increase by approximately $70 million from full year 2016​.Air Canada - ‍continues to expect positive free cash flow in range of $600 million to $900 million in 2017​.Air Canada - ‍continues to expect to achieve an annual ebitdar margin of 17 to 19 per cent in 2017​.Air Canada - ‍taking into account co's new methodology for calculating ROIC, co now expects annual ROIC of 13.5 to 14.5 per cent in 2017​.Air Canada - reiterating guidance‍​ for EBITDAR margin, ROIC, free cash flow for 2018 – 2020.  Full Article

Air Canada says is in receipt of TSB report on incident involving AC624 in March 2015
Thursday, 18 May 2017 

May 18 (Reuters) - Air Canada ::Air Canada is in receipt of TSB report on incident involving AC624 in March 2015.Is continuing discussions with Transport Canada on new requirements tying approach minimums to airport runway lighting.Air Canada has amended its procedures with respect to approaches during periods of severe and adverse weather phenomena.Air Canada says is reviewing emergency response plans.  Full Article

Air Canada announces pricing of C$1.25 bln refinancing
Monday, 26 Sep 2016 

Air Canada : Transaction would generate annualized interest expense savings of approximately C$60 million . Intends to use net proceeds from sale of 2016 senior notes to pay redemption price for all of Air Canada's outstanding senior secured notes . Air Canada announces pricing of C$1.25 billion refinancing . Transaction would reduce outstanding indebtedness by approximately C$355 million .Transaction would increase unencumbered assets by C$650 million to approximately C$2 billion.  Full Article

UPDATE 2-Canada's WestJet Airlines pilots approve mandate for possible strike

MONTREAL, May 10 WestJet Airlines pilots voted on Thursday in favor of staging a possible strike, although they agreed to avoid any disruptive job action during Canada's busy Victoria Day holiday weekend starting May 19, their union said in a statement.