financetom
Business
financetom
/
Business
/
Air Canada forecast 2025 core profit above analysts' estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Air Canada forecast 2025 core profit above analysts' estimates
Feb 13, 2025 4:05 PM

(Reuters) - Air Canada forecast 2025 core profit above analysts' estimates on Friday, as the country's largest carrier bets on steady international travel demand and a rebound in business bookings.

The airline expects its 2025 adjusted earnings before interest, taxes, depreciation and amortization in the range of C$3.4 billion ($2.39 billion) to C$3.8 billion, compared with analysts' average estimates of C$3.5 billion.

($1 = 1.4198 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Canadian Banks' U.S. Regulatory Filings Show
Canadian Banks' U.S. Regulatory Filings Show "Weak Margins And Tepid Loan Growth"
May 2, 2024
02:35 PM EDT, 05/02/2024 (MT Newswires) -- Quarterly financial filings with the Fed (Call Reports) by Canadian banks with U.S. subsidiaries have just become available. National Bank highlights the following takeaways: BMO, CIBC and TD reported a similar decline in NIM (down 4-5 bps Q/Q). RBC recorded the most significant decline in NIM (down 11 bps Q/Q), with interest income...
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
May 2, 2024
TORONTO, May 2 (Reuters) - The CEO of Canadian miner Hudbay Minerals ( HBM ) said BHP Group's ( BHP ) $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake...
Rivian receives $827 mln incentive package to expand Illinois facility
Rivian receives $827 mln incentive package to expand Illinois facility
May 2, 2024
May 2 (Reuters) - Rivian Automotive ( RIVN ) said on Thursday it has received $827 million in incentives from the State of Illinois to expand operations at its Normal facility in the state. ...
Apparel retailer rue21 files for third bankruptcy, will close all stores
Apparel retailer rue21 files for third bankruptcy, will close all stores
May 2, 2024
NEW YORK, May 2 (Reuters) - Teen apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property. rue21 has attempted to sell its business, but no buyer appeared willing to pay more than the company would earn by liquidating its inventory in going...
Copyright 2023-2025 - www.financetom.com All Rights Reserved