Air Canada (OTCMKTS:ACDVF) Announces Quarterly Earnings Results

Key Points

• Air Canada reported quarterly EPS of $0.54, exceeding analysts’ consensus estimate of $0.34. The company posted a 20.11% return on equity and a 1.82% net margin.
• Third-quarter operating revenue reached a record $6.984 billion, while adjusted EBITDA was $936 million; the company also repaid $1.7 billion of debt and completed an $800 million share buyback.
• Air Canada cut its 2026 core-profit forecast as rising jet-fuel costs outpace fare increases, tempering the otherwise positive earnings results. Analyst sentiment remains broadly favorable, with a “Moderate Buy” consensus rating.

Air Canada (OTCMKTS:ACDVF - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.20, Zacks reports. Air Canada had a return on equity of 20.11% and a net margin of 1.82%.

Air Canada Stock Performance

Shares of ACDVF stock remained flat at $15.60 during mid-day trading on Thursday. The stock had a trading volume of 10,720 shares, compared to its average volume of 176,132. The business has a fifty day moving average of $18.59 and a two-hundred day moving average of $16.07. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.41 and a beta of 1.45. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $22.52.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACDVF shares. Jefferies Financial Group cut Air Canada from a "hold" rating to an "underperform" rating in a research report on Monday, October 19th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Air Canada in a report on Friday, August 14th. BMO Capital Markets restated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Scotiabank reaffirmed an "outperform" rating on shares of Air Canada in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Air Canada in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Air Canada currently has an average rating of "Moderate Buy".

Air Canada News Roundup

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Air Canada reported record third-quarter operating revenue of $6.984 billion, 14% year-over-year growth in total unit revenue, adjusted EBITDA of $936 million and operating income of $261 million. The company also used Aeroplan proceeds to repay $1.7 billion of debt and completed an $800 million substantial issuer bid, reducing shares outstanding and improving its financial profile. Air Canada Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Analyst coverage remains broadly constructive, with Scotiabank issuing a fiscal 2026 earnings estimate and other brokerage commentary describing Air Canada as attractively valued. However, these views may be tempered by the company’s updated guidance. FY2026 Earnings Estimate for Air Canada Issued By Scotiabank
• Neutral Sentiment: Air Canada and United Airlines’ proposed joint-venture expansion could increase coordination and fares on transborder routes. While potentially beneficial for revenue, the plan faces scrutiny from competition authorities, creating regulatory uncertainty. United-Air Canada Joint Venture Would Drive Up Fares
• Neutral Sentiment: The company’s scholarship partnership with CAE supports pilot and aircraft-maintenance training for women, reinforcing Air Canada’s workforce and corporate-responsibility initiatives, but it is unlikely to materially affect near-term earnings. Air Canada and CAE Captain Judy Cameron Scholarship
• Negative Sentiment: Air Canada cut its 2026 core-profit forecast because sharply higher jet-fuel prices are outpacing fare increases. This guidance reduction signals weaker profitability ahead despite robust third-quarter revenue growth and is the most important negative catalyst for the stock. Air Canada Cuts 2026 Core Profit Forecast

Air Canada Company Profile

Air Canada is Canada's flag carrier and the country's largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.

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