Air Canada Management

Management criteria checks 3/4

Air Canada's CEO is Mike Rousseau, appointed in Feb 2021, has a tenure of 3.75 years. total yearly compensation is CA$12.08M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth €2.48M. The average tenure of the management team and the board of directors is 3.5 years and 9.8 years respectively.

Key information

Mike Rousseau

Chief executive officer

CA$12.1m

Total compensation

CEO salary percentage	10.8%
CEO tenure	3.8yrs
CEO ownership	0.04%
Management average tenure	3.5yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Rousseau's remuneration changed compared to Air Canada's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$3b
Jun 30 2024	n/a	n/a	CA$2b
Mar 31 2024	n/a	n/a	CA$2b
Dec 31 2023	CA$12m	CA$1m	CA$2b
Sep 30 2023	n/a	n/a	CA$2b
Jun 30 2023	n/a	n/a	CA$502m
Mar 31 2023	n/a	n/a	-CA$722m
Dec 31 2022	CA$12m	CA$1m	-CA$2b
Sep 30 2022	n/a	n/a	-CA$2b
Jun 30 2022	n/a	n/a	-CA$2b
Mar 31 2022	n/a	n/a	-CA$3b
Dec 31 2021	CA$4m	CA$500k	-CA$4b
Sep 30 2021	n/a	n/a	-CA$4b
Jun 30 2021	n/a	n/a	-CA$4b
Mar 31 2021	n/a	n/a	-CA$5b
Dec 31 2020	CA$3m	CA$455k	-CA$5b
Sep 30 2020	n/a	n/a	-CA$3b
Jun 30 2020	n/a	n/a	-CA$2b
Mar 31 2020	n/a	n/a	CA$82m
Dec 31 2019	CA$4m	CA$700k	CA$1b
Sep 30 2019	n/a	n/a	CA$964m
Jun 30 2019	n/a	n/a	CA$1b
Mar 31 2019	n/a	n/a	CA$585m
Dec 31 2018	CA$4m	CA$650k	CA$37m
Sep 30 2018	n/a	n/a	CA$405m
Jun 30 2018	n/a	n/a	CA$1b
Mar 31 2018	n/a	n/a	CA$2b
Dec 31 2017	CA$3m	CA$580k	CA$2b

Compensation vs Market: Mike's total compensation ($USD8.72M) is above average for companies of similar size in the German market ($USD3.43M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Rousseau (66 yo)

3.8yrs

Tenure

CA$12,084,700

Compensation

Mr. Michael Stewart Rousseau, also known as Mike, has been Chief Executive Officer and President of Air Canada, a subsidiary of Ace Aviation Holdings Inc. since February 15, 2021 and its Director since Feb...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Rousseau	CEO, President & Director	3.8yrs	CA$12.08m	0.045% € 2.5m
John Di Bert	Executive VP & CFO	1.3yrs	CA$3.35m	0.000080% € 4.4k
Craig Landry	Executive VP & Chief Operations Officer	5.8yrs	CA$3.82m	0.0078% € 433.3k
Marc Barbeau	Executive VP	3.3yrs	CA$2.09m	no data
Arielle Meloul-Wechsler	Executive VP and Chief Human Resources & Public Affairs	11.2yrs	CA$2.68m	0.0047% € 262.4k
Melvin Crocker	Chief Information Officer	3.2yrs	no data	0.00033% € 18.3k
Valerie Durand	Head of Investor Relations & Corporate Sustainability	no data	no data	no data
Mark Nasr	Executive Vice President Marketing & Digital and President of Aeroplan	no data	no data	0.0044% € 244.7k
Richard Steer	Senior Vice President of Operations & Express Carriers	no data	no data	no data
Mark Galardo	Executive VP of Revenue & Network Planning and President of Cargo	no data	no data	0.00011% € 6.1k
Vincent Morin	President of Air Canada Pension Investments	no data	no data	no data
Murray Strom	Senior Vice President of Flight Operations & Maintenance	no data	no data	0.0022% € 122.1k

3.5yrs

Average Tenure

56yo

Average Age

Experienced Management: ADH2's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Rousseau	CEO, President & Director	3.8yrs	CA$12.08m	0.045% € 2.5m
Kathleen Taylor	Independent Director	8.5yrs	CA$235.00k	0.0028% € 154.8k
Michael Wilson	Independent Director	10.1yrs	CA$225.00k	0.0021% € 115.4k
Madeleine Paquin	Independent Director	9.5yrs	CA$215.00k	0.0018% € 100.4k
Annette Verschuren	Independent Director	12yrs	CA$230.00k	0.017% € 962.0k
Vagn Ove Sorensen	Independent Chairman of the Board	18yrs	CA$415.00k	0.0054% € 298.5k
Christie James Clark	Independent Director	11.4yrs	CA$230.00k	0.022% € 1.2m
Jean Huot	Independent Director	15.5yrs	CA$215.00k	0.0087% € 481.0k
Robert Fyfe	Independent Director	7.2yrs	CA$225.00k	no data
Michael Green	Independent Director	15.7yrs	CA$215.00k	0.025% € 1.4m
Amee Chande	Independent Director	4.4yrs	CA$220.00k	0.0040% € 224.7k
Gary Doer	Independent Director	6.6yrs	CA$215.00k	0.022% € 1.2m

9.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: ADH2's board of directors are considered experienced (9.8 years average tenure).

Air Canada Management

Management criteria checks 3/4

Key information

Recent management updates

Air Canada Announces the Appointment of Firas Al Osmanas as Chief Digital Officer

Air Canada Announces Customer Accessibility Advisory Committee

Air Canada, Annual General Meeting, Mar 28, 2024

Air Canada Elects Claudette McGowan as Director

CEO, President & Director recently bought €86k worth of stock

Air Canada, Annual General Meeting, May 12, 2023

Recent updates

Air Canada to Launch into Summer 2025 with New Non-Stop Flights to Europe and the U.S

Third quarter 2024 earnings released: EPS: CA$5.68 (vs CA$3.49 in 3Q 2023)

Air Canada to Resume Daily Service to Beijing, Increase Shanghai Flights to Daily

Air Canada to Report Q3, 2024 Results on Nov 01, 2024

Air Canada Announces the Appointment of Firas Al Osmanas as Chief Digital Officer

Second quarter 2024 earnings released: EPS: CA$1.14 (vs CA$2.34 in 2Q 2023)

Air Canada to Report Q2, 2024 Results on Aug 07, 2024

Air Canada Expands Its Sun Network with 55 Caribbean and US Destinations This Winter

Air Canada Significantly Increases Service to Ottawa

Air Canada Inaugurates Motorcoach Service Linking Hamilton and Region of Waterloo Airports with Toronto Pearson

First quarter 2024 earnings released: CA$0.22 loss per share (vs CA$0.011 profit in 1Q 2023)

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

Air Canada Inaugurates Newest Pacific Route from Vancouver to Singapore

Full year 2023 earnings released: EPS: CA$6.35 (vs CA$4.75 loss in FY 2022)

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

Air Canada Revises Operating Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: CA$3.49 (vs CA$1.42 loss in 3Q 2022)

Air Canada's Inaugural Flight from Vancouver Arrives in Dubai

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

New major risk - Financial position

Second quarter 2023 earnings released: EPS: CA$2.34 (vs CA$1.08 loss in 2Q 2022)

Air Canada Provides Operating Guidance for the Third Quarter of 2023

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 released: EPS: CA$0.01 (vs CA$2.72 loss in 1Q 2022)

CEO, President & Director recently bought €86k worth of stock

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

Full year 2022 earnings released: CA$4.75 loss per share (vs CA$10.26 loss in FY 2021)

Air Canada, Annual General Meeting, May 12, 2023

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

Air Canada Announces Executive Changes

Third quarter 2022 earnings released: CA$1.42 loss per share (vs CA$1.79 loss in 3Q 2021)

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

Insider recently bought €75k worth of stock

Second quarter 2022 earnings released: CA$1.60 loss per share (vs CA$3.28 loss in 2Q 2021)

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

Executive VP & CFO recently bought €65k worth of stock

Air Canada to Report Q3, 2022 Results on Oct 28, 2022

First quarter 2022 earnings released: CA$2.72 loss per share (vs CA$3.89 loss in 1Q 2021)

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

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

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

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

Now 24% undervalued

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Air Canada Provides Operating Guidance for the First Quarter of 2022

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

Air Canada Provides Operating Guidance for the Second Quarter of 2021

First quarter 2021 earnings released: CA$3.90 loss per share (vs CA$3.99 loss in 1Q 2020)

Air Canada announced that it expects to receive CAD 500.67288 million in funding from Canada

Jazz Aviation LP Announces Revisions to the Capacity Purchase Agreement with Air Canada

Transat Announces Approval of Its Arrangement with Air Canada by Canadian Authorities

Air Canada to Suspend Flights to the Caribbean and Mexico At the Request Of, and to Support Government of Canada COVID-19 Mitigation Efforts

Air Canada to Resume Boeing 737 MAX Commercial Operations February 1, 2021

Air Canada Implements Additional Capacity and Workforce Reductions

Air Canada has completed a Follow-on Equity Offering in the amount of CAD 850.08 million.

Air Canada Announces a New Strategic Cooperation Agreement with Qatar Airways as Service to Doha Begins