On Thursday, Air Canada projected its core profit for 2025 to exceed analysts' expectations, aligning with a positive outlook on international travel demand and a resurgence in business bookings. The airline anticipates its 2025 adjusted earnings before interest, taxes, depreciation, and amortization to range between C$3.4 billion ($2.39 billion) and C$3.8 billion, surpassing the average analyst estimate of C$3.5 billion.
Airlines with extensive global reach are benefiting from the increased interest in international travel, reflecting consumers' growing preference for experiences over material possessions. Particularly, Air Canada has experienced robust demand for its flights to the Asia Pacific region and China, leading the carrier to enhance its capacity serving these regions.
In the quarter ended December 31, Canada's largest airline reported a quarterly operating revenue of C$5.40 billion, marking a 4% increase compared to the previous year. ($1 = 1.4198 Canadian dollars)