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Air Canada sees encouraging booking trends into 2025, core profits above estimates
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Air Canada sees encouraging booking trends into 2025, core profits above estimates
Feb 14, 2025 5:43 AM

MONTREAL, Feb 14 (Reuters) - Air Canada ( ACDVF ) sees

encouraging booking trends and yield signals for the second and

third quarters of 2025, after reporting core profit for the year

above analysts' estimates on sustained passenger travel demand,

an executive said on Friday.

Airlines with international routes are capitalizing on the

growing demand for global travel, as consumers place greater

emphasis on experiences rather than material goods.

"We're seeing the revenue environment experienced in Q4 2024

is continuing into 2025," Mark Galardo, executive vice

president, revenue & network planning, told analysts.

On Thursday night, Canada's largest carrier forecast 2025 core

profit above analysts' estimates, helped by a rebound in

business bookings and strong passenger demand for international

travel.

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.

Galardo said it was too early to discuss the impact of

possible U.S. tariffs on metals imported from other countries

and the prospect of retaliatory duties.

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