Air Canada Reports First Quarter 2025 Financial Results
Source: Air Canada Operating revenues of $5.196 billion for the first quarter of 2025, 1% lower year over year. Operating loss of $108 million and adjusted EBITDA* of $387 million with adjusted EBITDA margin* of 7.4%. Cash flow from operating activities of $1.526 billion and free cash flow* of $831 million, a year-over-year decrease of $66 million and $225 million respectively. Leverage ratio* of 1.3 at March 31, 2025, compared to 1.4 at end of 2024. Purchased and cancelled over 15 million shares in the quarter, completing the normal course issuer bid announced in November 2024. Announced intention to launch substantial issuer bid (SIB) to purchase and cancel up to $500 million of shares. Air Canada has reported its first [...]