Air Canada (OTCMKTS:ACDVF) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Air Canada (OTCMKTS:ACDVF) posted its earnings results on Tuesday. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18, Zacks reports. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.

Air Canada Stock Down 0.4%

Shares of ACDVF traded down $0.08 during midday trading on Thursday, reaching $21.87. 5,840 shares of the company were exchanged, compared to its average volume of 168,334. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. Air Canada has a 1-year low of $12.03 and a 1-year high of $22.52. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 0.60 and a beta of 1.42. The stock has a 50-day moving average price of $17.14 and a 200-day moving average price of $15.13.

Air Canada News Summary

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Air Canada agreed to sell a 25% non-controlling stake in Aeroplan to Blackstone, La Caisse and other Canadian institutional investors for C$2.5 billion, valuing the loyalty program at approximately C$10 billion. Air Canada will retain control of Aeroplan’s operations and strategy. Air Canada Announces $2.5 Billion Minority Equity Investment in Aeroplan
• Positive Sentiment: The transaction provides substantial cash to strengthen Air Canada’s balance sheet and support its pursuit of an investment-grade credit rating. The deal was the primary catalyst behind the stock’s move toward a five-year high. Blackstone, La Caisse to Buy 25% of Air Canada’s Aeroplan Loyalty Program
• Positive Sentiment: Second-quarter adjusted EBITDA reached C$719 million, at the top end of management’s guidance, while quarterly EPS of C$0.29 exceeded the C$0.11 consensus estimate. Record operating revenue of C$6.3 billion also reflected strong travel demand. Air Canada Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Scotiabank upgraded Air Canada from “hold” to “strong buy,” adding analyst support to the positive reaction. Air Canada Analyst Upgrade
• Neutral Sentiment: Analyst views remain mixed, indicating that the Aeroplan proceeds and strong demand are being weighed against airline cost pressures and a weaker earnings outlook. Analysts’ Opinions Are Mixed on Air Canada
• Negative Sentiment: Jet-fuel costs surged nearly 50% from a year earlier, contributing to an operating loss and prompting Air Canada to lower its full-year 2026 outlook. The company also reported labour-related and other charges, underscoring continued margin pressure despite resilient passenger demand. Air Canada Posts Loss and Lowers Guidance

Analyst Upgrades and Downgrades

ACDVF has been the subject of several research analyst reports. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. National Bank Financial reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday. Scotiabank raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Air Canada currently has an average rating of “Moderate Buy”.

Air Canada Company Profile

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.