Air Canada Future Growth

Future criteria checks 0/6

Air Canada's earnings are forecast to decline at 18% per annum while its annual revenue is expected to grow at 4.6% per year. EPS is expected to decline by 19.1% per annum. Return on equity is forecast to be 15.9% in 3 years.

Key information

-18.0%

Earnings growth rate

-19.1%

EPS growth rate

Airlines earnings growth	15.7%
Revenue growth rate	4.6%
Future return on equity	15.9%
Analyst coverage	Good
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

Air Canada's (TSE:AC) Popularity With Investors Is Under Threat From Overpricing

Apr 17

Earnings and Revenue Growth Forecasts

TSX:AC - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	25,192	1,402	-944	4,297	9
12/31/2025	24,112	1,286	707	3,914	14
12/31/2024	22,917	1,061	694	3,420	16
12/31/2023	21,833	2,276	2,756	4,320	N/A
9/30/2023	21,338	2,260	2,407	3,982	N/A
6/30/2023	20,316	502	2,229	3,864	N/A
3/31/2023	18,870	-722	1,692	3,438	N/A
12/31/2022	16,556	-1,700	796	2,368	N/A
9/30/2022	14,607	-2,361	606	2,229	N/A
6/30/2022	11,388	-2,493	755	2,194	N/A
3/31/2022	8,244	-3,272	-1,316	-247	N/A
12/31/2021	6,400	-3,602	-2,575	-1,502	N/A
9/30/2021	4,496	-4,270	-3,836	-2,806	N/A
6/30/2021	3,150	-4,315	-4,510	-3,347	N/A
3/31/2021	2,840	-4,902	-4,330	-3,221	N/A
12/31/2020	5,833	-4,647	-3,555	-2,353	N/A
9/30/2020	9,435	-3,334	-1,998	-880	N/A
6/30/2020	14,208	-2,013	-897	240	N/A
3/31/2020	18,419	82	1,103	2,581	N/A
12/31/2019	19,131	1,476	3,687	5,712	N/A
9/30/2019	18,886	964	3,549	5,583	N/A
6/30/2019	18,771	1,030	3,320	5,299	N/A
3/31/2019	18,366	585	2,907	5,290	N/A
12/31/2018	18,003	37	1,034	3,470	N/A
9/30/2018	17,639	405	703	3,311	N/A
6/30/2018	17,104	1,426	723	3,254	N/A
3/31/2018	16,681	1,839	533	3,002	N/A
12/31/2017	16,252	2,029	316	2,738	N/A
9/30/2017	15,857	1,842	N/A	2,700	N/A
6/30/2017	15,428	887	N/A	2,645	N/A
3/31/2017	14,976	762	N/A	2,474	N/A
12/31/2016	14,677	876	N/A	2,421	N/A
9/30/2016	14,434	938	N/A	2,321	N/A
6/30/2016	14,006	605	N/A	2,335	N/A
3/31/2016	13,962	714	N/A	2,189	N/A
12/31/2015	13,868	303	N/A	2,025	N/A
9/30/2015	13,790	319	N/A	1,807	N/A
6/30/2015	13,565	205	N/A	1,546	N/A
3/31/2015	13,456	132	N/A	1,420	N/A
12/31/2014	13,272	100	N/A	954	N/A
9/30/2014	13,062	194	N/A	989	N/A
6/30/2014	12,743	171	N/A	789	N/A
3/31/2014	12,495	-75	N/A	814	N/A
12/31/2013	12,382	6	N/A	731	N/A
9/30/2013	12,327	-48	N/A	733	N/A
6/30/2013	12,174	12	N/A	701	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AC's earnings are forecast to decline over the next 3 years (-18% per year).

Earnings vs Market: AC's earnings are forecast to decline over the next 3 years (-18% per year).

High Growth Earnings: AC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AC's revenue (4.6% per year) is forecast to grow slower than the Canadian market (6.6% per year).

High Growth Revenue: AC's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AC's Return on Equity is forecast to be low in 3 years time (15.9%).

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Air Canada Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Air Canada Provides Operating Guidance for the First Quarter of 2024 and Full Year 2024

Air Canada Revises Operating Guidance for the Full Year 2023

Consensus EPS estimates fall by 12%

Air Canada Provides Operating Guidance for the Third Quarter of 2023

Price target increased by 7.4% to CA$28.68

Air Canada Provides Operating Guidance for the First Quarter of 2023 and Full Year 2023

Recent updates

Air Canada to Report Q1, 2024 Results on May 02, 2024

Air Canada's (TSE:AC) Popularity With Investors Is Under Threat From Overpricing

Air Canada Inaugurates Newest Pacific Route from Vancouver to Singapore

Air Canada (TSE:AC) Is Looking To Continue Growing Its Returns On Capital

Full year 2023 earnings: EPS exceeds analyst expectations

Air Canada Provides Operating Guidance for the First Quarter of 2024 and Full Year 2024

Air Canada Announces Customer Accessibility Advisory Committee

Air Canada, Annual General Meeting, Mar 28, 2024

Air Canada's (TSE:AC) Price In Tune With Revenues

Air Canada Makes Europe Easier to Explore by Offering Customers Convenient New Air-To- Rail Connections

Is Air Canada (TSE:AC) A Risky Investment?

Air Canada (TSE:AC) Has More To Do To Multiply In Value Going Forward

Air Canada Revises Operating Guidance for the Full Year 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Air Canada's Inaugural Flight from Vancouver Arrives in Dubai

Air Canada to Report Q3, 2023 Results on Oct 30, 2023

Consensus EPS estimates fall by 12%

Air Canada Provides Operating Guidance for the Third Quarter of 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Air Canada to Report Q2, 2023 Results on Aug 11, 2023

Air Canada to Launch New Vancouver to Singapore Service

Air Canada Unveils Its Most Comprehensive Winter Sun Schedule to Popular Vacation Destinations

Air Canada Elects Claudette McGowan as Director

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.4% to CA$28.68

CEO, President & Director recently bought CA$126k worth of stock

Air Canada Provides Operating Guidance for the First Quarter of 2023 and Full Year 2023

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Air Canada, Annual General Meeting, May 12, 2023

Air Canada to Report Q4, 2022 Results on Feb 17, 2023

Air Canada Announces Executive Changes

Estimating The Intrinsic Value Of Air Canada (TSE:AC)

Executive VP & Chief Commercial Officer exercised options and sold CA$186k worth of stock

CEO, President & Director exercised options and sold CA$641k worth of stock

Executive VP & Chief Operations Officer exercised options and sold CA$79k worth of stock

Consensus forecasts updated

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Air Canada to Launch New, Non-Stop Transborder Routes to the U.S. from Halifax and Vancouver

Insider recently bought CA$98k worth of stock

Consensus forecasts updated

Second quarter 2022 earnings: Revenues in line with analyst expectations

Air Canada Provides Operating Guidance for the Third Quarter and Full Year of 2022

Consensus forecasts updated

Executive VP & CFO recently bought CA$88k worth of stock

Air Canada to Report Q2, 2022 Results on Aug 02, 2022

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Air Canada Provides Operating Guidance for the Second Quarter of 2022 and Reiterates Operating Guidance for the Full Year 2022

Consensus forecasts updated

Air Canada to Report Q1, 2022 Results on Apr 26, 2022

Consensus forecasts updated

Settlements Totalling $16 Million Have Been Reached with British Airways and Air Canada

Health Check: How Prudently Does Air Canada (TSE:AC) Use Debt?

Executive VP & CFO exercised options and sold CA$87k worth of stock

CEO, President & Director exercised options and sold CA$413k worth of stock

Air Canada Launches New Non-Stop Service to Vancouver from Halifax Stanfield

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Air Canada Provides Operating Guidance for the First Quarter of 2022

Consensus EPS estimates fall by 44%

Now 21% undervalued

Air Canada's First Boeing 767-300ER Freighter Enters Service

Air Canada Resumes Service Between Canada and India

Air Canada Provides Operating Guidance for the Third Quarter of 2021

Air Canada Ready to Reconnect Canada and U.S. Travel with Up to 220 Daily Flights Between the Two Countries

Air Canada's New Service Between Montreal and Kelowna Celebrated At Kelowna International Airport

Air Canada Introduces a Digital Solution to Simplify Covid-19 Related Travel Requirements

Air Canada Inaugurates New Service from Montreal to Cairo, Egypt

Air Canada Cargo Announces Launch Routes for its Newly Converted Freighter Aircraft Arriving This Fall

Consensus revenue estimates fall to CA$6.28b