Air Canada (OTCMKTS:ACDVF) Announces Earnings Results, Beats Estimates By $0.20 EPS

Air Canada (OTCMKTS:ACDVF) issued its earnings results on Thursday. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20, Zacks reports. Air Canada had a return on equity of 20.11% and a net margin of 1.82%.

Air Canada Stock Performance

ACDVF remained flat at $15.60 on Thursday. The company had a trading volume of 81,281 shares, compared to its average volume of 176,486. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.41 and a beta of 1.45. The firm has a 50 day simple moving average of $18.59 and a 200 day simple moving average of $16.07. Air Canada has a 52 week low of $12.03 and a 52 week high of $22.52.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. National Bank Financial reissued an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Jefferies Financial Group downgraded Air Canada from a “hold” rating to an “underperform” rating in a report on Monday, October 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Key Stories Impacting Air Canada

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Air Canada reported record third-quarter operating revenue of $6.984 billion, 14% year-over-year growth in total unit revenue, adjusted EBITDA of $936 million and operating income of $261 million. The company also used Aeroplan proceeds to repay $1.7 billion of debt and completed an $800 million substantial issuer bid, reducing shares outstanding and improving its financial profile. Air Canada Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Analyst coverage remains broadly constructive, with Scotiabank issuing a fiscal 2026 earnings estimate and other brokerage commentary describing Air Canada as attractively valued. However, these views may be tempered by the company’s updated guidance. FY2026 Earnings Estimate for Air Canada Issued By Scotiabank
• Neutral Sentiment: Air Canada and United Airlines’ proposed joint-venture expansion could increase coordination and fares on transborder routes. While potentially beneficial for revenue, the plan faces scrutiny from competition authorities, creating regulatory uncertainty. United-Air Canada Joint Venture Would Drive Up Fares
• Neutral Sentiment: The company’s scholarship partnership with CAE supports pilot and aircraft-maintenance training for women, reinforcing Air Canada’s workforce and corporate-responsibility initiatives, but it is unlikely to materially affect near-term earnings. Air Canada and CAE Captain Judy Cameron Scholarship
• Negative Sentiment: Air Canada cut its 2026 core-profit forecast because sharply higher jet-fuel prices are outpacing fare increases. This guidance reduction signals weaker profitability ahead despite robust third-quarter revenue growth and is the most important negative catalyst for the stock. Air Canada Cuts 2026 Core Profit Forecast

Air Canada Company Profile

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.