Air Canada Reaffirms 2024 Guidance, Releases 2025 Forecast Ahead of Investor Day-February 2024-www.financetom.com

Air Canada Reaffirms 2024 Guidance, Releases 2025 Forecast Ahead of Investor Day

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Air Canada Reaffirms 2024 Guidance, Releases 2025 Forecast Ahead of Investor Day

Dec 17, 2024 4:22 AM

06:52 AM EST, 12/17/2024 (MT Newswires) -- Air Canada ( ACDVF ) on Tuesday reaffirmed its 2024 full-year guidance and released its 2025 full-year guidance, 2028 key financial targets and 2030 aspirations ahead of its 2024 Investor Day.

Adjusted EBITDA for 2024 is expected to be around $3.5 billion. Adjusted EBITDA for 2025 is forecast at $3.4 billion to $3.8 billion.

Available seat miles (ASM) capacity in 2024 is expected to be around 5% higher than 2023 levels of 99 billion. For 2025, ASM capacity is forecast to increase between 3% and 5% from 2024 levels.

Operating revenues are projected at around $22 billion for 2024, $30 billion for 2028 and more than $30 billion for 2030.

Previous page： Humana's Q4 Results Left Questions Around How Long Stars Litigation Will Take, Morgan Stanley Says Next page： Lyft Results Mixed as Pricing Pressure Weighs on Strong Ride Volume, BofA Says

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.

Show More Comments

Related Articles >

Humana's Q4 Results Left Questions Around How Long Stars Litigation Will Take, Morgan Stanley Says

Feb 12, 2025

11:08 AM EST, 02/12/2025 (MT Newswires) -- Humana's (HUM) Q4 results have left many investors with questions around just how long the Stars turnaround will take outside of the ongoing [payment year 2026] litigation, Morgan Stanley said in a note to clients on Wednesday. The investment firm highlighted the fact that there was no color on when Stars litigation outcome...

Lyft Results Mixed as Pricing Pressure Weighs on Strong Ride Volume, BofA Says

Feb 12, 2025

11:08 AM EST, 02/12/2025 (MT Newswires) -- Lyft's ( LYFT ) low pricing resulted in Q4 bookings coming in below consensus but ride volumes remained strong and earnings before interest, taxes, depreciation, and amortization exceeded forecasts, BofA Securities said in a note Wednesday. The firm revised its H1 bookings estimate downward due to pricing challenges but maintained strong margin growth...

Power Nickel Prices a $40-Million Private Placement of Flow-Through Shares

Feb 12, 2025

11:11 AM EST, 02/12/2025 (MT Newswires) -- Power Nickel ( PNPNF ) shares were last seen up 5% after the company on Wednesday priced its previously announced best efforts private-placement offering, seeking to raise $40 million. The company is offering 14.14-million Quebec flow-through shares priced at $2.83 each. The company said it will use the proceeds to advance the Nisk...

Exxon seeks permit for its eighth oil, gas project in Guyana as output rises

Feb 12, 2025

By Kemol King GEORGETOWN, Feb 12 (Reuters) - A consortium led by Exxon Mobil ( XOM ) has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production, and to explore another well at its massive offshore block, the head of the U.S. oil major in Guyana said on Wednesday....