Air Canada Past Earnings Performance
Past criteria checks 4/6
Air Canada has been growing earnings at an average annual rate of 32.5%, while the Airlines industry saw earnings growing at 16.8% annually. Revenues have been growing at an average rate of 15% per year. Air Canada's return on equity is 82.4%, and it has net margins of 11.6%.
Key information
32.5%
Earnings growth rate
32.2%
EPS growth rate
| Airlines Industry Growth | 0.5% |
| Revenue growth rate | 15.0% |
| Return on equity | 82.4% |
| Net Margin | 11.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Is Air Canada (TSE:AC) Using Too Much Debt?
Dec 19
Does Air Canada (TSE:AC) Deserve A Spot On Your Watchlist?
Nov 28Air Canada (TSE:AC) Held Back By Insufficient Growth Even After Shares Climb 32%
Nov 02Air Canada (TSE:AC) Is Experiencing Growth In Returns On Capital
Oct 22Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
Sep 04Pinning Down Air Canada's (TSE:AC) P/S Is Difficult Right Now
Aug 07The Return Trends At Air Canada (TSE:AC) Look Promising
Jul 11Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
May 14Air Canada's (TSE:AC) Popularity With Investors Is Under Threat From Overpricing
Apr 17Air Canada (TSE:AC) Is Looking To Continue Growing Its Returns On Capital
Mar 21Air Canada's (TSE:AC) Price In Tune With Revenues
Jan 03Revenue & Expenses Breakdown
How Air Canada makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 22,026 | 2,548 | 1,155 | 0 |
| 30 Jun 24 | 22,264 | 1,763 | 1,171 | 0 |
| 31 Mar 24 | 22,172 | 2,191 | 1,165 | 0 |
| 31 Dec 23 | 21,833 | 2,276 | 1,165 | 0 |
| 30 Sep 23 | 21,338 | 2,260 | 1,139 | 0 |
| 30 Jun 23 | 20,316 | 502 | 1,075 | 0 |
| 31 Mar 23 | 18,870 | -722 | 1,004 | 0 |
| 31 Dec 22 | 16,556 | -1,700 | 853 | 0 |
| 30 Sep 22 | 14,607 | -2,361 | 767 | 0 |
| 30 Jun 22 | 11,388 | -2,493 | 586 | 0 |
| 31 Mar 22 | 8,244 | -3,272 | 423 | 0 |
| 31 Dec 21 | 6,400 | -3,602 | 323 | 0 |
| 30 Sep 21 | 4,496 | -4,270 | 235 | 0 |
| 30 Jun 21 | 3,150 | -4,315 | 194 | 0 |
| 31 Mar 21 | 2,840 | -4,902 | 171 | 0 |
| 31 Dec 20 | 5,833 | -4,647 | 346 | 0 |
| 30 Sep 20 | 9,435 | -3,334 | 494 | 0 |
| 30 Jun 20 | 14,208 | -2,013 | 747 | 0 |
| 31 Mar 20 | 18,419 | 82 | 967 | 0 |
| 31 Dec 19 | 19,131 | 1,476 | 988 | 0 |
| 30 Sep 19 | 18,886 | 964 | 972 | 0 |
| 30 Jun 19 | 18,771 | 1,030 | 933 | 0 |
| 31 Mar 19 | 18,366 | 585 | 901 | 0 |
| 31 Dec 18 | 18,003 | 37 | 872 | 0 |
| 30 Sep 18 | 17,639 | 405 | 840 | 0 |
| 30 Jun 18 | 17,104 | 1,426 | 816 | 0 |
| 31 Mar 18 | 16,681 | 1,839 | 791 | 0 |
| 31 Dec 17 | 16,252 | 2,029 | 770 | 0 |
| 30 Sep 17 | 15,857 | 1,842 | 773 | 0 |
| 30 Jun 17 | 15,428 | 887 | 714 | 0 |
| 31 Mar 17 | 14,976 | 762 | 697 | 0 |
| 31 Dec 16 | 14,677 | 876 | 703 | 0 |
| 30 Sep 16 | 14,434 | 938 | 671 | 0 |
| 30 Jun 16 | 14,006 | 605 | 669 | 0 |
| 31 Mar 16 | 13,962 | 714 | 645 | 0 |
| 31 Dec 15 | 13,868 | 303 | 608 | 0 |
| 30 Sep 15 | 13,790 | 319 | 567 | 0 |
| 30 Jun 15 | 13,565 | 205 | 549 | 0 |
| 31 Mar 15 | 13,456 | 132 | 517 | 0 |
| 31 Dec 14 | 13,272 | 100 | 529 | 0 |
| 30 Sep 14 | 13,062 | 194 | 539 | 0 |
| 30 Jun 14 | 12,743 | 171 | 536 | 0 |
| 31 Mar 14 | 12,495 | -75 | 578 | 0 |
| 31 Dec 13 | 12,382 | 6 | 571 | 0 |
Quality Earnings: AC has high quality earnings.
Growing Profit Margin: AC's current net profit margins (11.6%) are higher than last year (10.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AC has become profitable over the past 5 years, growing earnings by 32.5% per year.
Accelerating Growth: AC's earnings growth over the past year (12.7%) is below its 5-year average (32.5% per year).
Earnings vs Industry: AC earnings growth over the past year (12.7%) exceeded the Airlines industry 1.5%.
Return on Equity
High ROE: Whilst AC's Return on Equity (82.41%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Air Canada is covered by 40 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Murray | ATB Capital Markets |
| Ahmad Shaath | Beacon Securities Limited |
| Fadi Chamoun | BMO Capital Markets Equity Research |