AIR CANADA (AC.CA) Stock News

Air Canada Hedges Most of Its Currency Risk Amid Trade War

Air Canada says it’s ready for any headwinds resulting from President Donald Trump’s tariffs, with its currency-hedging program a key part of its strategy.

Air Canada Fined $250,000 by US for Flying Over Iraqi Airspace

The US Department of Transportation slapped Air Canada with a $250,000 fine for operating flights in prohibited airspace over Iraq.

Mentions: UAL

Air Canada Reaches Pact With Pilot Union, Averting Strike

Air Canada reached a last-minute pact with the pilots’ union, averting a strike that would have grounded more than 1,000 daily flights worldwide.

Air Canada Offers Pilots a 30% Pay Boost as Strike Deadline Nears

Air Canada has offered to boost the pay of more than 5,000 pilots by about 30% within the next three years, according to people familiar with the matter, as it seeks to prevent a strike.

Air Canada Pilots Vote to Give Strike Mandate to Their Union

Air Canada pilots voted to give their union a strike mandate as negotiations over a new labor agreement have been stalled for more than a year. Workers could walk off the job as soon as mid-September.

Air Canada Hit by Court Ruling After Ex-Maintenance Workers Sue

Air Canada may be forced to pay at least C$100 million ($73.2 million) to about 2,200 former workers after a Quebec court issued a ruling in their class-action lawsuit against the airline.

Short Sellers Target Air Canada as Costs Rise, Travel Demand Weakens

Short sellers are targeting Canada’s biggest publicly traded airline as investors expect rising operational costs and weaker post-pandemic consumer demand to weigh on growth.

Air Canada Employees Are Suspects in Toronto Airport Gold Heist

Police have named Air Canada employees among the suspects in the theft of 6,600 gold bars from a cargo facility at the country’s busiest airport, in what’s been dubbed Canada’s largest-ever gold heist.

Associated Capital reports Q4 book value in the range of $41.91 to $42.11 (TSX:AC:CA)

Associated Capital Group (AC) reports estimated Q4 book value of $41.91-$42.11 per share, up from $41.43 per share in Q3 2023 and $40.48 per share in Q4 2022.

Associated Capital Group gets new finance head (TSX:AC:CA)

Associated Capital Group (AC) said that Ian McAdams has been named CFO. Mr. McAdams joined the company’s finance team in 2021 and has served as interim co-CFO s

Brink’s Sues Air Canada After $17 Million Heist of Gold and Cash

An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue Air Canada for allegedly letting a thief slip away with the loot.

Mentions: BCO

AC reports preliminary September book value of $41.35 to $41.55 per share (TSX:AC:CA)

Associated Capital Group (AC:CA) Monday announced a preliminary range for its third quarter book value of $41.35 to $41.55 per share. This compares to $41.41 pe

Air Canada orders 18 widebody 787 Dreamliners from Boeing (NYSE:BA)

Air Canada announces order for 18 Boeing 787-10 Dreamliners to replace older widebody planes in its fleet. Deliveries scheduled to begin in Q4 2025 with options for 12 more planes.

Mentions: BA

Air Canada Hedges Some of Its Fuel Bill for First Time in Years

Air Canada said it hedged about 30% of its jet fuel costs as it re-enters the oil derivatives market after about four years.

(TSX:AC:CA)

Associated Capital Group press release (AC): Q2 GAAP EPS of $0.15.Revenue of $2.38M (-6.7% Y/Y).

Associated Capital reports preliminary Q2 book value of $41.35-$41.55 (TSX:AC:CA)

Associated Capital (AC) reported preliminary range for its second quarter book value of $41.35 to $41.55 per share vs

Mentions: AC

Air Canada prepays government loans of ~$650M used to purchase Airbus aircraft (TSX:AC:CA)

Air Canada (AC:CA) (ACDVF) on Wednesday said it had prepaid loans of about $650M from the EDC used to help fund a purchase of 19 Airbus aircraft. Read more here.

Air Canada touts strong travel trends over holiday weekend (TSX:AC:CA)

Air Canada (ACDVF) was able to capitalize on the first holiday weekend of the summer in Canada, according to the company.Victoria Day, a federal holiday honoring Queen Victoria,...

Air Canada is said to be in talks to buy up to 20 Boeing 787s (NYSE:BA)

Air Canada (AC:CA) is preparing to buy as many as 20 of Boeing’s (BA) 787 Dreamliners to modernize and enlarge its fleet of long-haul planes, Bloomberg News reported Wednesday,...

Mentions: BA

Air Canada Nears 787 Deal With Boeing as Widebody Demand Jumps

Air Canada is closing in on a deal for as many as 20 Boeing Co. 787 Dreamliners to renew and expand its long-haul fleet, according to people familiar with the matter, in the latest sign of surging demand for large commercial jets.

Mentions: BA WBA

Air Canada Crushes Revenue Forecasts as Travel Demand Stays High

Air Canada broke even in the first quarter, taking advantage of pent-up demand for travel and lower fuel costs as it edges closer to a full recovery from the pandemic.

Mentions: NKE

Airlines Blame Canada Travel Chaos on Weather, Pilot Shortage

Sunwing Airlines Inc. said it failed in serving customers because of a shortage of pilots over the holiday, while Air Canada blamed bad weather for chaos at airports that left thousands of customers stranded.

Mentions: LLY 5118858Z.CA

Massive Winter Storm Cancels Holiday Flights Across Canada

A giant storm barreling across Canada and the US is disrupting travel in Canada’s major cities ahead of the holidays.

Mentions: 1369387D.CA

Air Canada Announces Results of its Offer to Purchase up to US$300 million aggregate principal amount of its 4.000% Convertible Senior Notes due 2025

MONTREAL, Dec. 20, 2022 /PRNewswire/ - Air Canada (TSX: AC) today announced the final results of its cash tender offer previously announced on Nov...

Mentions: MS

Air Canada Announces Offer to Purchase up to US$300 million aggregate principal amount of its 4.000% Convertible Senior Notes due 2025

MONTREAL, Nov. 14, 2022 /PRNewswire/ - Air Canada (TSX: AC) today announced that it has launched a cash tender offer (the 'Offer'), which also con...

Air Canada Rises as Strong Demand Offsets Customer-Service Woes

Air Canada shares rose to the highest level in more than four months after the company reported revenue and operating earnings that easily beat analysts’ estimates.

Mentions: WFC

Air Canada Nears Deal to Add More A220 Planes to Airbus Order

Air Canada agreed expand a plane order from Airbus SE as the carrier looks to enlarge its fleet amid the post-Covid rebound in air travel.