Air Canada
Financial Performance
Air Canada Revenue & Financials
Revenue
~$16.1B (FY2024)
Market Cap
$7B
Net Income
~$724.1M
Employees
39,000
What is Air Canada's revenue?
Air Canada had ~$16.1B in revenue for fiscal year 2024, up 2.4% from 2023. Net income was ~$724.1M.
- Latest revenue
- ~$16.1B (FY2024)
- Year-over-year
- +2.4%
- Growth rate (CAGR)
- 5.4% over 9 years
- Peak revenue
- ~$16.1B (FY2024)
- Years of data
- 10
- Employees
- 39,000
- How much profit does Air Canada make?
- Air Canada reported net income of ~$724.1M for fiscal year 2024.
- How many employees does Air Canada have?
- Air Canada has about 39,000 employees.
Financial Analysis
Air Canada demonstrates robust financial recovery, strong liquidity reserves, and aggressive balance sheet deleveraging. In fiscal year 2023/2024, Air Canada generated record operating revenue of CAD $21.83 billion, up 32% year-over-year. Operating income reached CAD $2.28 billion, with adjusted EBITDA of CAD $3.98 billion (an 18.2% adjusted EBITDA margin). GAAP net income surged to CAD $2.28 billion ($5.96 diluted EPS). The company generated CAD $2.75 billion in free cash flow, utilizing the capital to pay down billions in high-interest government and aircraft debt, reducing its net debt-to-adjusted EBITDA ratio to a conservative 1.1x and maintaining over CAD $10.0 billion in total available liquidity.
Revenue Trend Analysis
YoY Change
+2.4%
9-Year CAGR
+5.4%
Peak Year
2024
Trend
Consistent Growth
Air Canada has 10 full fiscal year figures on this page, compounding at +5.4% annually over 9 years. The most recent year saw a 2.4% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$16.1B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$16.1B | ~$724.1M | +2.4% |
| FY2023 | ~$15.7B | ~$1.6B | +31.9% |
| FY2022 | ~$11.9B | -~$1.2B | +158.7% |
| FY2021 | ~$4.6B | -~$1.2B | +9.7% |
| FY2020 | ~$4.2B | -~$3.3B | -69.5% |
| FY2019 | ~$13.8B | ~$1.1B | +6.3% |
| FY2018 | ~$13B | ~$120.2M | +10.8% |
| FY2017 | ~$11.7B | ~$1.5B | +10.7% |
| FY2016 | ~$10.6B | ~$630.7M | +5.8% |
| FY2015 | ~$10B | ~$218.2M | — |
Click any row to see year details.
Keep researching Air Canada
Air Canada Revenue and Financial FAQ
What was Air Canada's latest reported annual revenue?
In its latest audited financial reporting period, Air Canada recorded consolidated net revenue of CAD $21.8B ($16.2B), demonstrating durable revenue growth across its primary operating divisions.
How profitable is Air Canada?
Air Canada generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Air Canada's capital and liquidity position?
Air Canada maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Air Canada distribute capital to shareholders?
Air Canada executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Air Canada Revenue & Financials." CorpDigest, https://corpdigest.com/company/air-canada/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Air Canada reported ~$16.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/air-canada/financials" target="_blank" rel="noopener">CorpDigest — Air Canada financials</a></div>Related Financial Audits
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