Air Canada (AC) Stock Price, News & Analysis

Company Overview

Air Canada is an integrated air carrier and Canada’s largest for both passengers and freight. The company is also a flag carrier of Canada which gives it special privileges in domestic markets. The company was founded in 1936 as the Trans-Canadian Airline by the Canadian Government and made its first commercial flight in 1938. The airline was renamed Air Canada following government approval and it operated as a government entity until the early 1980s.

Air Canada went private in 1988 following the deregulation of the air industry and in 2000 it grew to dominate the Canadian market by acquiring its largest competitor, Canadian Airlines. 2003 brought major change to the business that ultimately leads to its IPO. Air Canada was forced to file for bankruptcy protection but emerged as a stronger company under the umbrella of ACE Aviation Holdings. ACE Aviation Holdings is a holding company formed to help take Air Canada out of bankruptcy and has since been dissolved. Air Canada went public in 2007 and is listed on the Toronto Stock Exchange.

Headquartered in Saint-Laurent, Canada, Air Canada is an international air carrier serving 222 destinations worldwide. The company’s fleet consisted of 191 aircraft that are primarily Airbus and Boeing-branded airplanes. The fleet consists of Airbus 330s and Boeing 787 Dreamliners for long-haul flights and a variety of Airbus 320 and Boeing 737 and other models for short-haul destinations. The average age of the fleet in late 2022 was 10.6 years compared to the average lifespan of 30 years which makes it a very young fleet.

The company’s primary brand is Air Canada but it is rounded out by a network of smaller businesses. The company, and its subsidiaries, provide full-service and discount airline service for domestic and international markets. The company operates out of 4 key airports including Montreal-Trudeau International Airport, Toronto-Pearson International Airport, Calgary International Airport and Vancouver International Airport. The company carried more than 51.5 million passengers in 2019 to set a company record but traffic has fallen off in the wake of the pandemic. The company carried only 13.2 million in 2021 but the figure was bouncing back strongly in 2022.

Consumers are able to access Air Canada’s offerings via the Internet or mobile. Consumers can not only view schedules but book flights, rent cars, reserve hotel rooms and check in for their flights. The company also offers a variety of branded credit cards, loyalty programs and other features. Air Canada Cargo, the shipping arm of the company, is a full-service operator capable of shipping all cargo including large animals.

 

Key Stats

• Today's Range: C$21.58 to C$22.40
• 50-Day Range: C$21.28 to C$30.41
• 52-Week Range: C$16.45 to C$31.45
• Volume: 2.45 million shs
• Average Volume: 2.93 million shs
• Market Capitalization: C$5.58 billion
• P/E Ratio: 16.85
• Dividend Yield: N/A
• Price Target: C$33.04
• Consensus Rating: Moderate Buy

Air Canada Stock Analysis - MarketRank™

Air Canada scored higher than 81% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Air Canada has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on no strong buy ratings, 7 buy ratings, 3 hold ratings, and 1 sell rating.

Upside Potential

Air Canada has a consensus price target of C$33.04, representing about 49.7% upside from its current price of C$22.07.

Amount of Analyst Coverage

Air Canada has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Air Canada is 16.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.89.

Price to Earnings Ratio vs. Sector

The P/E ratio of Air Canada is 16.85, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 23.38.

Price to Earnings Growth Ratio

Air Canada has a PEG Ratio of 0.02. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Air Canada has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AC.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Air Canada does not currently pay a dividend.

Dividend Growth

Air Canada does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Air Canada is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.46

News Sentiment

Air Canada has a news sentiment score of -0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Air Canada this week, compared to 3 articles on an average week.

Search Interest

5 people have searched for AC on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

6 people have added Air Canada to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Air Canada insiders have not sold or bought any company stock.

Percentage Held by Insiders

0.14% of the stock of Air Canada is held by insiders.

Percentage Held by Institutions

24.00% of the stock of Air Canada is held by institutions.

Company Calendar

• Last Earnings: 8/11/2026
• Today: 10/21/2026

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Passenger Airlines
• Sub-Industry: Passenger Airlines
• Current Symbol: TSE:AC
• Previous Symbol: TSE:AC.A
• CIK: N/A
• Web: www.aircanada.com
• Phone: +1-514-4226644
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Air Canada: C$33.04
• High Price Target: C$45.00
• Low Price Target: C$19.00
• Potential Upside/Downside: +49.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.55
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): C$1.31
• Trailing P/E Ratio: 16.85
• Forward P/E Ratio: 8.56
• P/E Growth: 0.02
• Net Income: C$2.54 billion
• Net Margins: 1.82%
• Pretax Margin: N/A
• Return on Equity: 16.92%
• Return on Assets: 4.12%

Debt

• Debt-to-Equity Ratio: 478.10
• Current Ratio: 0.60
• Quick Ratio: 1.06

Sales & Book Value

• Annual Sales: C$23.60 billion
• Price / Sales: 0.24
• Cash Flow: C$27.58 per share
• Price / Cash Flow: 0.80
• Book Value: C$9.46 per share
• Price / Book: 2.33

Miscellaneous

• Outstanding Shares: 252,745,000
• Free Float: N/A
• Market Cap: C$5.58 billion
• Optionable: Not Optionable
• Beta: 1.86