11:45 AM EST, 12/17/2024 (MT Newswires) -- (Updates shares.)

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.

Air Canada ( ACDVF ) shares were last seen down $2.19 to $22.73 on the Toronto Stock Exchange.

Price: 22.64, Change: -2.28, Percent Change: -9.15