FY2026 Earnings Estimate for Air Canada Issued By Scotiabank

Key Points

• Scotiabank raised its FY2026 earnings-per-share estimate for Air Canada to 2.02 (from 1.40) and maintains an "Outperform" rating with a C$27.00 price target.
• Analyst consensus for the current full-year EPS is higher at 2.58, and the broker mix shows eight Buys, four Holds and one Sell with an average price target of C$24.85 (MarketBeat: "Moderate Buy").
• Air Canada is trading around C$21.03 with a market cap of C$6.23 billion and a P/E of 11.31, but carries a very high debt-to-equity ratio of 400% and a 52‑week range of C$12.69–C$23.72.

Air Canada (OTCMKTS:ACDVF - Free Report) - Equities researchers at Scotiabank boosted their FY2026 earnings per share estimates for Air Canada in a research report issued to clients and investors on Thursday, February 19th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.48 per share for the year, up from their prior estimate of $1.01. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $1.66 per share.

Several other analysts have also recently issued reports on the stock. UBS Group upgraded shares of Air Canada to a "hold" rating in a research report on Tuesday, November 18th. Jefferies Financial Group reissued a "hold" rating on shares of Air Canada in a research note on Sunday, February 15th. ATB Cormark Capital Markets lowered Air Canada from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 16th. Raymond James Financial downgraded Air Canada from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Finally, Zacks Research upgraded Air Canada from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Air Canada currently has a consensus rating of "Hold".

Air Canada Price Performance

Air Canada stock opened at $15.37 on Monday. Air Canada has a 52-week low of $8.56 and a 52-week high of $17.25. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 3.99. The firm's fifty day moving average is $14.35 and its 200 day moving average is $13.76. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.29 and a beta of 1.44.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.27. Air Canada had a return on equity of 24.22% and a net margin of 2.92%.The business had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $5.56 billion.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.

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