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Air Canada (AC.TO)

AC.TO on Toronto Stock Exchange

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23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Teamsters Reach Agreement In Principle With Air Canada
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Teamsters::TEAMSTERS REACH AGREEMENT IN PRINCIPLE WITH AIR CANADA.TEAMSTERS HAS REACHED AN AGREEMENT IN PRINCIPLE WITH AIR CANADA, LARGEST PASSENGER CARRIER IN CANADA.TEAMSTERS - AGREEMENT COVERS OVER 700 CUSTOMER SERVICE REPRESENTATIVES, RESERVATION ASSISTANTS, OTHER EMPLOYEES AT AIR CANADA'S U.S. OPERATIONS.  Full Article

Air Canada says Increases Capacity On Key Regional Routes
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Air Canada ::AIR CANADA TO LAUNCH DAILY NON-STOP, YEAR-ROUND CALGARY-TERRACE SERVICE; INCREASES CAPACITY ON KEY REGIONAL ROUTES.AIR CANADA - CAPACITY INCREASING FOR VANCOUVER ISLAND, NORTHERN BC, BC INTERIOR, ALBERTA, SASKATCHEWAN, YUKON, WINNIPEG ROUTES.  Full Article

Transat Acknowledges Receipt Of Group Mach's Conditional Proposal Letter
Friday, 14 Jun 2019 

June 14 (Reuters) - Transat AT Inc ::TRANSAT A.T. INC. ACKNOWLEDGES RECEIPT OF GROUP MACH INC.'S CONDITIONAL PROPOSAL LETTER.TRANSAT AT INC - TRANSAT WOULD LIKE TO REITERATE THAT IT HAS ENTERED INTO AN AGREEMENT WITH AIR CANADA.  Full Article

Air Canada And Drone Delivery Canada Announce Sales Agency Deal (June 4)
Wednesday, 5 Jun 2019 

Air Canada ::AIR CANADA AND DRONE DELIVERY CANADA CORP. ANNOUNCE A SALES AGENCY AGREEMENT.AIR CANADA - AIR CANADA CARGO WILL MARKET DDC'S DRONE DELIVERY SERVICES IN CANADA.AIR CANADA - AIR CANADA CARGO WILL ACT AS SALES AGENT OF DDC FOR PURPOSE OF MARKETING & PURSUING SALES OF DDC'S DRONE DELIVERY SERVICES ACROSS CANADA.  Full Article

Air Canada Says Due Diligence On Binding Agreement With Transat A.T. Due To Be Completed By End Of June
Wednesday, 5 Jun 2019 

June 4 (Reuters) - Air Canada ::AIR CANADA PROVIDES UPDATE ON EXCLUSIVE AGREEMENT WITH TRANSAT A.T. INC. TO PURSUE A COMBINATION OF THE TWO COMPANIES.AIR CANADA - DUE DILIGENCE ON BINDING AGREEMENT WITH TRANSAT A.T. DUE TO BE COMPLETED BY END OF JUNE.  Full Article

Drone Delivery Canada Announces Commercial Deal With Air Canada (June 4)
Tuesday, 4 Jun 2019 

Drone Delivery Canada Corp ::DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH AIR CANADA.DRONE DELIVERY CANADA CORP - INITIAL TERM OF AGREEMENT IS TEN YEARS FROM EFFECTIVE DATE OF MAY 29, 2019.  Full Article

Air Canada Renews Normal Course Issuer Bid And Automatic Share Purchase Plan
Wednesday, 29 May 2019 

May 29 (Reuters) - Air Canada ::AIR CANADA RENEWS NORMAL COURSE ISSUER BID AND AUTOMATIC SHARE PURCHASE PLAN.AIR CANADA - RENEWED ITS NORMAL COURSE ISSUER BID FOR ITS CLASS A VARIABLE VOTING SHARES AND CLASS B VOTING SHARES.AIR CANADA - PURCHASE OF UP TO 24.1 MILLION SHARES.  Full Article

In Q2, Expects Positive YOY Revenue And Traffic Results In Line With Expectations Prior To The Groundings - Exec, Conf Call
Monday, 6 May 2019 

May 6 (Reuters) - Air Canada ::EXPECTS IN Q2 Y-O-Y REVENUE GROWTH PERFORMANCE IN LINE WITH ORIGINAL EXPECTATION -EXEC, CONF CALL.SAYS "GEOPOLITICAL SITUATION" NEGATIVELY IMPACTING TRAVEL BETWEEN CANADA AND CHINA -EXEC, CONF CALL.IN Q2, EXPECTS POSITIVE YEAR-OVER-YEAR REVENUE AND TRAFFIC RESULTS IN LINE WITH EXPECTATIONS PRIOR TO THE GROUNDINGS- EXEC, CONF CALL.FLIGHT CANCELLATIONS AND A LOWER CAPACITY FROM THE MAX GROUNDING IMPACTED US BY APPROX 0.5 PERCENTAGE POINT - EXEC, CONF CALL.SAYS THE IMPACT ON CO'S UNIT COST IS EXPECTED TO INCREASE THE LONGER THE GROUNDING PERSISTS, PARTICULARLY HEADING TOWARDS THE BUSY SUMMER SEASON- EXEC, CONF CALL.FINAL DECISION ON RETURNING THE MAX TO SERVICE WILL BE BASED ON OUR HOME SAFETY ASSESSMENT FOLLOWING THE LIFTING OF GOVERNMENT SAFETY NOTICES & APPROVAL OF THE SOFTWARE MODIFICATION AND TRAINING PROTOCOL BY RELEVANT REGULATORY AUTHORITIES- EXEC, CONF CALL.AC CEO SAYS 737 MAX PILOTS TRAINING IN SIMULATOR ON SCENARIO OF TWO RECENT CRASHES INVOLVING MODEL- CONF CALL.MAY HAVE TRAINING REQUIREMENTS THAT EXCEED WHAT BOEING AND FAA EXPECT FOR 737 MAX - CEO, CONF CALL.TOTAL 12 MAX DELIVERIES TO COME IN MARCH END TO JUNE END, 6 COMPLETED AND PARKED AT THIS POINT OF TIME, REMAINING 6 IN PRODUCTION LINE- CEO, CONF CALL.  Full Article

Air Canada Reports Q1 Earnings Per Share At C$1.26
Monday, 6 May 2019 

May 6 (Reuters) - Air Canada ::REPORTS FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$0.06.Q1 GAAP EARNINGS PER SHARE C$1.26.QTRLY OPERATING REVENUE C$4,453 MILLION VERSUS C$4,071 MILLION.AIR CANADA'S QTRLY COST PER AVAILABLE SEAT MILE (CASM) INCREASED 3.7 PER CENT FROM Q1 OF 2018.AIRLINE'S QTRLY ADJUSTED CASM INCREASED 3.2 PER CENT OVER SAME QUARTER IN 2018.FINANCIAL GUIDANCE PROVIDED FOR YEARS 2020 & 2021 WITH RESPECT TO ANNUAL EBITDA MARGIN AND ANNUAL ROIC REMAINS IN PLACE.FINANCIAL GUIDANCE FOR CUMULATIVE FREE CASH FLOW OVER 2019-2021 PERIOD REMAINS IN PLACE.GROUNDING OF BOEING 737 MAX AIRCRAFT RESULTED IN UNEXPECTED REMOVAL OF 24 AIRCRAFT FROM OUR FLEET DURING THE LAST 18 DAYS OF QUARTER.Q1 REVENUE VIEW C$4.39 BILLION -- REFINITIV IBES DATA.PRICE OF JET FUEL WILL AVERAGE 85 CANADIAN CENTS PER LITRE IN Q2 AND 84 CANADIAN CENTS PER LITRE FOR 2019.  Full Article

Air Canada says 737 MAX removed until Aug 1 for planning certainty
Friday, 26 Apr 2019 

April 25 (Reuters) - Air Canada ::AIR CANADA UPDATES SCHEDULE THROUGH JULY IN RESPONSE TO ONGOING GROUNDING OF BOEING 737 MAX AIRCRAFT.AIR CANADA - 737 MAX REMOVED UNTIL AUGUST 1 FOR PLANNING CERTAINTY.AIR CANADA - AIR CANADA WAS EXPECTING TO RECEIVE ANOTHER 12 AIRCRAFT FOR A TOTAL FLEET OF 36 BOEING 737 MAX AIRCRAFT IN JULY.AIR CANADA - FURTHER ADJUSTED ITS SCHEDULE THROUGH TO AUGUST 1 AND TAKEN OTHER MEASURES, INCLUDING OBTAINING ADDITIONAL CAPACITY.AIR CANADA - TO MITIGATE IMPACT, AIR CANADA HAS SUBSTITUTED DIFFERENT AIRCRAFT ON 737 MAX ROUTES.AIR CANADA - EXTENDED LEASES FOR THREE AIRBUS A320 AND THREE EMBRAER 190 AIRCRAFT WHICH WERE SCHEDULED TO EXIT FLEET..AIR CANADA - AIR CANADA WAS EXPECTING TO RECEIVE ANOTHER 12 AIRCRAFT FOR A TOTAL FLEET OF 36 BOEING 737 MAX AIRCRAFT IN JULY..AIR CANADA - FINAL DECISIONS ON RETURNING 737 MAX TO SERVICE WILL BE BASED ON CO'S SAFETY ASSESSMENT FOLLOWING LIFTING OF GOVERNMENT SAFETY NOTICES,OTHERS.AIR CANADA - ACCELERATING IN-TAKE OF SIX AIRBUS A321 AIRCRAFT FROM WOW AIR INTO ITS FLEET.AIR CANADA - CARRIER IS WORKING WITH OTHER AIRLINES TO PROVIDE IMMEDIATE EXTRA CAPACITY AND PROVIDE ALTERNATIVE OPTIONS TO CUSTOMERS.AIR CANADA - AIR CANADA IS NOW FINALIZING CAPACITY AGREEMENTS WITH OTHER AIRLINES TO TEMPORARILY OPERATE FLIGHTS ON ITS BEHALF.AIR CANADA - BEGINNING JUNE 15, QATAR AIRWAYS WILL OPERATE ONE AIRBUS A330-200 ON DAILY FLIGHTS BETWEEN MONTREAL AND BARCELONA.  Full Article

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Transat shareholders approve Air Canada's C$720 million bid for leisure group

MONTREAL Transat AT Inc shareholders on Friday overwhelmingly voted in favor of Air Canada's bid for the leisure group, in a deal that still requires domestic and European regulatory approval.