Air Canada reported record second-quarter operating revenues of CA$6.3 billion for 2026, supported by strong demand across its network.
The Canadian flag carrier posted adjusted EBITDA of CA$719 million, at the top end of its guidance range for the quarter. It recorded an operating loss of CA$215 million, including CA$388 million in labour-related and other charges.
Net cash flow from operating activities reached CA$651 million, while free cash flow totalled CA$174 million. Air Canada also deployed CA$125 million during the quarter to repurchase more than six million shares.
Looking ahead, the airline has reinstated and updated its full-year 2026 guidance, citing resilient demand for premium and corporate travel, fare measures designed to mitigate fuel-price volatility and disciplined cost management.
Air Canada President and CEO Michael Rousseau said the progress made in strengthening the airline’s financial position meant an investment-grade rating was achievable over the medium term.
Rousseau also pointed to leadership continuity beyond 2026 following the announcement of Anko van der Werff as his successor, saying Air Canada had a clear strategy and the financial strength to pursue its long-term objectives and deliver sustainable value for stakeholders.
