Air Canada (OTCMKTS:ACDVF) Reaches New 1-Year High on Earnings Beat

Air Canada (OTCMKTS:ACDVF)’s share price reached a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $19.21 and last traded at $19.20, with a volume of 4585 shares traded. The stock had previously closed at $18.48.

The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.

Trending Headlines about Air Canada

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

• Positive Sentiment: Air Canada agreed to sell a 25% non-controlling stake in its Aeroplan loyalty program to Blackstone, La Caisse and other Canadian institutional investors for C$2.5 billion. The deal values Aeroplan at approximately C$10 billion, while Air Canada retains control of the program’s strategy and operations. The proceeds are expected to strengthen the balance sheet and support the company’s goal of achieving an investment-grade credit rating. Air Canada Announces $2.5 Billion Minority Equity Investment in Aeroplan Led by Blackstone and La Caisse
• Positive Sentiment: Second-quarter adjusted EBITDA reached $719 million, at the high end of management’s guidance, while operating revenue hit a record $6.3 billion on strong travel demand. The company also generated $651 million in operating cash flow, providing evidence of resilient underlying operations. Air Canada Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Air Canada reported quarterly earnings of $0.29 per share, exceeding the $0.11 analyst consensus, and revenue of $4.41 billion versus estimates of $4.34 billion. Scotiabank also upgraded the stock from “hold” to “strong buy,” adding to bullish sentiment. Air Canada Beats Q2 Earnings and Revenue Estimates
• Negative Sentiment: Air Canada posted a $215 million operating loss, including $388 million in labour-related and other charges, and lowered its full-year outlook. Jet fuel costs have risen nearly 50%, creating a significant risk to margins and earnings despite strong passenger demand. Air Canada Posts Loss and Lowers Guidance as Fuel Costs Soar

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Scotiabank upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. National Bank Financial restated an “outperform” rating on shares of Air Canada in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Air Canada Trading Up 12.2%

The company has a market cap of $6.15 billion, a P/E ratio of 21.52, a P/E/G ratio of 0.60 and a beta of 1.42. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The business has a 50-day moving average price of $17.14 and a two-hundred day moving average price of $15.13.

Air Canada Company Profile

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.