Air Canada Reports Q4 and 2024 Financials

Air Canada announced a record-breaking year in 2024, with revenues of $22.3 billion which is a five percent increase in capacity over 2023.

The airline reported safely transporting 47 million passengers while improving its on-time performance by 8 points. 

Additionally, Air Canada secured a new pilot contract with minimal disruption and made investments in operations, fleet, and technology. 

CEO Michael Rousseau emphasized the airline's adaptability, strong brand, and competitive advantages, and expressed confidence in navigating future challenges while responding to market demand.

"We are well positioned with a solid year behind us to leverage our competitive advantages, including our iconic brand, premium products, and global network, and to continue delivering on our plans,” says Rousseau. “Our team has consistently proven its discipline, and we will continue to navigate uncertainty and external pressures with prudence and decisiveness. The demand environment remains favourable. We remain agile and responsive in our dynamic aviation industry and are prepared to adapt promptly to any changes or challenges that may arise.”

The full report is available online.

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