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Air Canada raises core profit forecast on robust international demand By Reuters

Air Canada raises core profit forecast on robust international demand By Reuters

“The demand environment continues to be favourable. We have actually changed our full-year assistance and underlying presumptions to account for the development of the gas price setting and for certain contract-related changes,” chief executive officer Michael Rousseau said.

The service provider now expects its 2024 adjusted profits before interest, tax obligations, devaluation and amortization of regarding C$ 3.5 billion ($2.51 billion), compared to its previous forecast of C$ 3.1 billion to C$ 3.4 billion.

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1 CEO Michael Rousseau
2 demand environment remains
3 environment remains favourable