Air Canada unveils its long-term financial targets at its 2024 Investor Day

Air Canada has outlined its ambitious long-term financial strategy during its 2024 Investor Day, announcing key targets for 2028 and reaffirming its 2024 guidance.

The airline aims to achieve $30 billion in operating revenues, an adjusted EBITDA margin of at least 17%, and a free cash flow margin of approximately 5% by 2028, underscoring its commitment to sustained growth and operational excellence.

Our strategy builds on proven commercial success, leveraging the unique strengths developed over the last decade.

Outlook2024 Full-Year Guidance:

Adjusted EBITDA: Approximately $3.5 billionASM Capacity: 5% increase over 2023Adjusted CASM: 2% rise over 20232025 Full-Year Guidance:

Adjusted EBITDA: Between $3.4 billion and $3.8 billionASM Capacity: 3% to 5% increase versus 2024The company also reiterated its major assumptions, including moderate Canadian GDP growth, an average exchange rate of C$1.36 to C$1.40, and jet fuel prices ranging between C$0.95 to C$1.00 per litre for 2024 and 2025.

2028 Financial TargetsAir Canada revealed clear long-term goals for 2028:

Air Canada remains committed to transparency and ongoing performance updates as it progresses toward these milestones.