Air Canada Fourth Quarter and Full Year 2024 Financial Results
Source: Air Canada Record operating revenues of $5.404 billion for the fourth quarter, 4% higher year over year. Record operating revenues of $22.255 billion for the full year 2024, 2% higher year over year. Purchased and cancelled all 35,783,842 shares, including over 20 million shares in 2024, available under its normal course issuer bid. Full year operating income of $1.263 billion and adjusted EBITDA* of $3.586 billion, a year-over-year decrease of $1.016 billion and $396 million, respectively. Full year cash flow from operating activities of $3.930 billion and free cash flow* of $1.294 billion, a year-over-year decrease of $390 million and $1.462 billion respectively. Leverage ratio* of 1.4 as at December 31, 2024, compared to 1.1 at end of 2023. [...]