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Air Canada (AC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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23.05+0.08 (+0.35%)
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Neutralpattern detected
Previous Close22.97
Open23.20
Bid23.05 x 0
Ask23.08 x 0
Day's Range22.95 - 23.40
52 Week Range9.26 - 50.61
Volume3,582,055
Avg. Volume6,001,537
Market Cap6.831B
Beta (5Y Monthly)2.53
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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    • GlobeNewswire

      Air Canada to Resume Boeing 737 MAX Commercial Operations February 1, 2021

      Attention Editors: Message from Captain Murray Strom here https://vimeo.com/499410177 MONTREAL, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Air Canada today said that following Transport Canada’s (TC) Airworthiness Directive and January 20, 2021 lifting of the existing Notice to Airmen (NOTAM) for the Boeing 737 MAX aircraft, the aircraft ungrounding by regulatory bodies worldwide, and the carrier’s own independent assessments of the aircraft and operating procedures by its specialized safety and flight operations experts, it will be resuming Boeing 737 MAX commercial operations on February 1, 2021. “We are very confident the nearly two-year regulatory process undertaken by Transport Canada and other regulators worldwide ensures the utmost safety of the Boeing 737 MAX fleet from nose to tail, and from wing to wing. As part of Air Canada’s multi-layered approach to reinforcing and enhancing safety, our internal experts have also worked with independent specialists to conduct assessments of the aircraft and our operating procedures,” said Captain Murray Strom, Vice President, Flight Operations at Air Canada. “In addition to implementing all required updates and modifications to the aircraft, Air Canada has gone beyond by equipping its fleet with additional safety-enhancing features that exceed required regulatory standards. These measures are backed by our industry-leading flight operations, the extensive, comprehensive training programs our pilots and maintenance engineers regularly undergo, and our industry-renowned flight data analysis. Customers can therefore be assured that every crew member operating our fleet and the many employee teams working behind the scenes have an unwavering commitment to safety. We look forward to welcoming you onboard,” concluded Captain Strom. The 737 MAX will gradually return to Air Canada’s North American route network as the airline continues to optimize its narrow body fleet. All flights are operated in accordance with Air Canada’s biosafety protocols, centred around the Air Canada CleanCare+ program. Routes operated by the Boeing 737 MAX: Beginning Feb. 1, Air Canada’s 737 MAX will operate select flights between: Toronto and: Halifax, Montreal, Ottawa, Edmonton, Winnipeg Air Canada will continue to deploy the fleet on routes that are best suited for its range and capacity. How customers can determine aircraft scheduled: When browsing and booking flights, customers can determine what aircraft is scheduled by clicking on the “Details” link of the flight they are interested in. For already booked flights, customers can determine the aircraft they are flying on by retrieving their booking from the “My Bookings” tab on aircanada.com or by tapping the “Trips” button on the Air Canada App, and then clicking on the “Details” link in the Flight Details section. More information for customers, including Air Canada’s change policy, is at: aircanada.com/737maxupdate About Air Canada’s Boeing 737 MAX: Air Canada has 24 Boeing 737 MAX 8s that have a seating capacity of 165 passengers, with 12 Business Class seats (2x2) and 153 Economy Class seats (3x3), with hours of complimentary personal inflight entertainment at every seat. Link: https://www.aircanada.com/ca/en/aco/home/fly/onboard/fleet.html?aircraft=B737 Since the Boeing 737 MAX first resumed commercial flights in early December 2020, more than 1,025 flights have been operated safely by airlines worldwide. About Air Canada Air Canada is Canada's largest domestic and international airline. Canada's flag carrier is among the 20 largest airlines in the world and in 2019 served over 51 million customers. Air Canada is a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2019 Best Airline in North America. For more information, please visit: aircanada.com/media, follow @AirCanada on Twitter and join Air Canada on Facebook. Contacts: media@aircanada.ca Internet: aircanada.com/media Sign up for Air Canada news: aircanada.com Media Resources: Photos Videos B-RollArticles

    • GlobeNewswire

      Air Canada Announces Partial Exercise of Over-Allotment Option in Connection with Offering of Shares

      NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Air Canada (TSX:AC) (the “Company”) announced today that, in connection with its previously announced overnight marketed public offering of 35,420,000 Class A Variable Voting Shares and/or Class B Voting Shares of the Company (“Shares”) completed on December 30, 2020 (the “Offering”), the underwriters exercised their over-allotment option to purchase an additional 2,587,000 Shares at a price of C$24.00 per Share. The sale of these additional Shares was completed today and brings the aggregate gross proceeds from the Offering to approximately C$912 million. TD Securities Inc., J.P. Morgan Securities Canada Inc., Citigroup Global Markets Canada Inc. and Morgan Stanley Canada Limited are acting as active joint book-running managers for the Offering. The Company is using the net proceeds from the Offering to supplement the Company's working capital and for other general corporate purposes. The net proceeds from the Offering also serve to increase Air Canada's cash position, thereby allowing for additional flexibility both from an operational standpoint and in the implementation of its planned mitigation and recovery measures in response to the COVID-19 pandemic. CAUTION REGARDING FORWARD-LOOKING INFORMATION This news release includes forward-looking statements within the meaning of applicable securities laws. Forward-looking statements relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements may involve, but are not limited to, comments relating to guidance, strategies, expectations, planned operations or future actions, including the Company’s expectations with respect to the expected use of proceeds from the Offering. Forward-looking statements are identified using terms and phrases such as “preliminary”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and similar terms and phrases, including references to assumptions. Forward-looking statements, by their nature, are based on assumptions, including those described herein and are subject to important risks and uncertainties. Forward-looking statements cannot be relied upon due to, among other things, changing external events and general uncertainties of the business. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including those discussed below. Air Canada, along with the rest of the global airline industry, is facing a severe and abrupt drop in traffic and a corresponding decline in revenue and cash flows as a result of the COVID-19 pandemic and the travel restrictions imposed in many countries around the world, and particularly in Canada. The impact of the COVID-19 pandemic began to be felt in traffic and sales figures commencing in early March 2020. These impacts include drastic declines in earnings and cash flow from operations. There is very limited visibility on travel demand given changing government restrictions in place around the world and the severity of the restrictions in Canada; these restrictions and concerns about travel due to the COVID-19 pandemic as well as passenger concerns and expectations about the need for certain precautions, such as physical distancing, are severely inhibiting demand. The COVID-19 pandemic is also having significant economic impacts, including on business and consumer spending, which may in turn significantly impact demand for travel. Air Canada cannot predict the full impact or the timing for when conditions may improve. Air Canada is actively monitoring the situation and will respond as the impact of the COVID-19 pandemic evolves, which will depend on a number of factors including the course of the virus, availability of rapid, effective testing, vaccinations and effective treatments for the virus, government actions, and passenger reaction, as well as timing of a recovery in international and business travel which are important segments of Air Canada’s markets, none of which can be predicted with any degree of certainty. Other factors which may cause results to differ materially from results indicated in forward-looking statements include those factors identified in Air Canada's public disclosure file available at www.sedar.com and, in particular, those identified in section 14 “Risk Factors” of Air Canada's Third Quarter 2020 MD&A and section 20 “Risk Factors” of Air Canada's 2019 MD&A. The forward-looking statements contained in this news release represent Air Canada's expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. However, Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations. About Air Canada Air Canada is Canada's largest domestic and international airline, and in 2020 was among the top 20 largest airlines in the world. It is Canada’s flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. In 2020, Air Canada was named Global Traveler's Best Airline in North America received for second straight year. For more information, please visit: aircanada.com/media, follow Air Canada on Twitter and LinkedIn, and join Air Canada on Facebook. Contacts:media@aircanada.ca Internet:aircanada.com/media Sign up for Air Canada news: aircanada.com Media Resources: Photos Videos B-RollArticles

    • CNW Group

      Media Advisory - Air Canada to Present Fourth Quarter and Full Year 2020

      MONTREAL, Jan. 18, 2021 /CNW Telbec/ - Calin Rovinescu, Air Canada President and Chief Executive Officer, Michael Rousseau, Deputy Chief Executive Office and Chief Financial Officer, and Lucie Guillemette, Executive Vice President and Chief Commercial Officer, will hold a conference call for analysts on Friday February 12, 2021 to present the fourth quarter and full year 2020 results and be available for analysts' questions.