Air Canada beats expectations as it swings from loss to profit

Air Canada said growth in the fourth quarter was due to strong revenue performance and cost control. Photo by Gavin Young/PostmediaArticle contentAir Canada earnings beat expectations in the fourth quarter.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe airline reported $296 million in net income, up from a loss of $644 million during the same period a year ago.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentAdjusted EBITDA rose almost 22 per cent to $867 million, compared to $696 million in the prior year.Article contentThe company said the growth, which exceeded estimates by 14.5 per cent, was due to strong revenue performance and cost control.Article contentArticle content“We delivered these results while effectively managing shifting demand trends, a labour disruption in the summer, and continued macroeconomic and geopolitical uncertainty,” Air Canada chief executive Michael Rousseau said in a press release.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentOperating revenues in the fourth quarter were up seven per cent to $5.77 billion.Article contentOperating income was $324 million, up by $578 million year-over-year compared to an operating loss of $254 million in 2024. Air Canada said the increase was largely due to higher revenues and the prior year’s pension costs in relation to its pilots agreement.Article contentMore to come …Article content• Email: dpaglinawan@postmedia.comArticle contentTrending Subscriber only. Donald Trump plans to roll back tariffs on steel and aluminium goods Subscriber only Financial Times As U.S. companies return to Venezuela's oilfields — one Canadian driller has a head start Oil & Gas Ontario issues first permit that opens up old mine tailings for exploration Mining CRA charged taxpayer instalment interest before he received all his GIC income Taxes As Canadian bond yields fall, watch for fixed rates to follow Mortgage Rates Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Subscriber only. Donald Trump plans to roll back tariffs on steel and aluminium goods Subscriber only Financial Times As U.S. companies return to Venezuela's oilfields — one Canadian driller has a head start Oil & Gas Ontario issues first permit that opens up old mine tailings for exploration Mining CRA charged taxpayer instalment interest before he received all his GIC income Taxes As Canadian bond yields fall, watch for fixed rates to follow Mortgage Rates