Air Canada has reported full year 2018 EBITDAR of CA$2.851 billion compared to full year 2017 record EBITDAR of CA$2.928 billion. Air Canada reported an EBITDAR margin of 15.8%, in line with its projections. Air Canada reported 2018 operating income of CA$1.174 billion compared to 2017 operating income of CA$1.371 billion. Adjusted pre-tax income amounted to CA$952 million in 2018 compared to adjusted pre-tax income of CA$1.165 billion in 2017.
On a GAAP basis, the airline reported net income of CA$167 million in 2018 compared to net income of CA$2.029 billion in 2017. The decrease of CA$1.862 billion in net income year-over-year is mainly due to an increase in net tax expense of CA$981 million, unfavourable foreign exchange results of CA$437 million and Air Canada having a recorded a loss on disposal of assets of CA$188 million in 2018.
