Air Canada Reports Third Quarter 2023 Financial Results
Source: Air Canada Operating revenues of $6.344 billion increased 19 per cent from the third quarter of 2022 Operating income of $1.415 billion, with an operating margin of 22.3 per cent, increased $771 million year over year Adjusted EBITDA* of $1.830 billion, with adjusted EBITDA margin* of 28.8 per cent, an improvement of over $773 million year over year Third quarter net cash flows from operating activities of $408 million, and free cash flow* of $135 million Leverage ratio* of 1.4 at September 30, 2023, down from 5.1 at December 31, 2022 Air Canada today reported its third quarter 2023 financial results. "Air Canada performed strongly in the third quarter, generating solid operating revenues of more than $6.3 billion, a [...]