Air Canada Past Earnings Performance

Past criteria checks 3/6

Air Canada's earnings have been declining at an average annual rate of -2.1%, while the Airlines industry saw earnings declining at 4% annually. Revenues have been growing at an average rate of 1.1% per year. Air Canada's return on equity is 285.9%, and it has net margins of 10.4%.

Key information

-2.1%

Earnings growth rate

-2.0%

EPS growth rate

Airlines Industry Growth0.5%
Revenue growth rate1.1%
Return on equity285.9%
Net Margin10.4%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

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

Mar 21
Air Canada (TSE:AC) Is Looking To Continue Growing Its Returns On Capital

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

Jan 03
Air Canada's (TSE:AC) Price In Tune With Revenues

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

Dec 07
Is Air Canada (TSE:AC) A Risky Investment?

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

Nov 08
Air Canada (TSE:AC) Has More To Do To Multiply In Value Going Forward

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

Dec 21
Estimating The Intrinsic Value Of Air Canada (TSE:AC)

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

Mar 25
Health Check: How Prudently Does Air Canada (TSE:AC) Use Debt?

Air Canada (TSE:AC) Shares Could Be 22% Below Their Intrinsic Value Estimate

Apr 30
Air Canada (TSE:AC) Shares Could Be 22% Below Their Intrinsic Value Estimate

How Many Air Canada (TSE:AC) Shares Did Insiders Buy, In The Last Year?

Dec 17
How Many Air Canada (TSE:AC) Shares Did Insiders Buy, In The Last Year?

Is Air Canada (TSE:AC) Using Debt In A Risky Way?

Nov 19
Is Air Canada (TSE:AC) Using Debt In A Risky Way?

Revenue & Expenses Breakdown
Beta

How Air Canada makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:AC Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2321,8332,2761,1650
30 Sep 2321,3382,2601,1390
30 Jun 2320,3165021,0750
31 Mar 2318,870-7221,0040
31 Dec 2216,556-1,7008530
30 Sep 2214,607-2,3617670
30 Jun 2211,388-2,4935860
31 Mar 228,244-3,2724230
31 Dec 216,400-3,6023230
30 Sep 214,496-4,2702350
30 Jun 213,150-4,3151940
31 Mar 212,840-4,9021710
31 Dec 205,833-4,6473460
30 Sep 209,435-3,3344940
30 Jun 2014,208-2,0137470
31 Mar 2018,419829670
31 Dec 1919,1311,4769880
30 Sep 1918,8869649720
30 Jun 1918,7711,0309330
31 Mar 1918,3665859010
31 Dec 1818,003378720
30 Sep 1817,6394058400
30 Jun 1817,1041,4268160
31 Mar 1816,6811,8397910
31 Dec 1716,2522,0297700
30 Sep 1715,8571,8427730
30 Jun 1715,4288877140
31 Mar 1714,9767626970
31 Dec 1614,6778767030
30 Sep 1614,4349386710
30 Jun 1614,0066056690
31 Mar 1613,9627146450
31 Dec 1513,8683036080
30 Sep 1513,7903195670
30 Jun 1513,5652055490
31 Mar 1513,4561325170
31 Dec 1413,2721005290
30 Sep 1413,0621945390
30 Jun 1412,7431715360
31 Mar 1412,495-755780
31 Dec 1312,38265710
30 Sep 1312,327-485920
30 Jun 1312,174125920
31 Mar 1312,105-1265870

Quality Earnings: AC has high quality earnings.

Growing Profit Margin: AC became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: AC has become profitable over the past 5 years, growing earnings by -2.1% per year.

Accelerating Growth: AC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Airlines industry (201.7%).


Return on Equity

High ROE: Whilst AC's Return on Equity (285.93%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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