Last C$8.71 CAD
Change Today +0.07 / 0.81%
Volume 1.5M
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As of 4:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

air canada-class b (AC/B) Snapshot

Open
C$8.55
Previous Close
C$8.64
Day High
C$8.75
Day Low
C$8.55
52 Week High
06/9/14 - C$10.90
52 Week Low
08/29/13 - C$2.65
Market Cap
2.5B
Average Volume 10 Days
2.6M
EPS TTM
C$0.32
Shares Outstanding
244.3M
EX-Date
--
P/E TM
27.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for AIR CANADA-CLASS B (AC/B)

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air canada-class b (AC/B) Details

Air Canada, a full-service airline, together with its subsidiaries, provides scheduled passenger services in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada. The company offers specialty charter service under the Air Canada Jetz brand to professional sports teams, corporate incentive travelers, and executive groups; vacation packages, ground handling services, and other airline-related services; and an assortment of cruises, tours, and excursions to various destinations in the Caribbean, Mexico, Central & South America, Asia, Europe, and the United States. It also provides air cargo services to freight forwarding companies and businesses on domestic and U.S. transborder routes, as well as on international routes between Canada and major markets in Europe, Asia, South America, and Australia. As of December 31, 2013, the company operated a mainline fleet of 183 aircraft comprising 81 Airbus narrow-body aircraft, 57 Boeing and Airbus wide-body aircraft, and 45 Embraer 190 regional jets. The company was founded in 1937 and is headquartered in Saint-Laurent, Canada.

24,400 Employees
Last Reported Date: 08/7/14
Founded in 1937

air canada-class b (AC/B) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$527.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$447.5K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: C$475.0K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: C$366.5K
Compensation as of Fiscal Year 2013.

air canada-class b (AC/B) Key Developments

Air Canada Appoints Benjamin Smith as President, Passenger Airlines, Effective September 1, 2014

Air Canada President and Chief Executive Officer, Calin Rovinescu, announced the following organizational re-alignment effective September 1, 2014. Benjamin Smith, previously Executive Vice-President and Chief Commercial Officer, is appointed to the new role of President, Passenger Airlines. In addition to his current responsibilities, Mr. Smith will now have cost as well as revenue oversight for passenger airline activities, with a view to optimizing the operating profitability of Air Canada, consistent with organizational structures at other large U.S. and European airlines. Mr. Smith continues to report to Mr. Rovinescu in this role.

Air Canada Reports Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Operating Guidance for the Third Quarter 2014; Revises Operating Guidance for the Full Year 2014; Provides Capital Expenditure Guidance for the Second Half of 2014

Air Canada reported consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, adjusted net income was CAD 139 million or CAD 0.47 per diluted share compared to adjusted net income of CAD 115 million or CAD 0.41 per diluted share in the second quarter of 2013, an improvement of CAD 24 million or 21%. EBITDAR was amounted to CAD 456 million compared to EBITDAR of CAD 385 million in the second quarter of 2013. On a GAAP basis, net income was CAD 223 million or CAD 0.75 per diluted share compared to a net loss of CAD 23 million or CAD 0.09 per diluted share in the second quarter of 2013. The company's second quarter 2014 EBITDAR and GAAP net income results included favourable tax-related provision adjustments of CAD 41 million. Operating income was CAD 245 million compared to CAD 174 million in the second quarter of 2013, an improvement of CAD 71 million. Operating Revenue was CAD 3,305 million against CAD 3,057 million a year ago. Negative free cash flow was CAD 36 million against positive free cash flow of CAD 147 million a year ago. Part of the better performance was due to a CAD 41-million tax gain. But the results also show that the company has been able to increase revenues while aggressively cutting costs. Operating revenues in the quarter rose 8% from the same quarter last year to CAD 3.3 billion as the airline saw revenue growth in all of its major markets. For the six months, adjusted net income was CAD 7 million or CAD 0.02 per diluted share compared to adjusted net loss of CAD 28 million or CAD 0.10 per diluted share a year ago. EBITDAR was amounted to CAD 603 million compared to EBITDAR of CAD 530 million a year ago. On a GAAP basis, net loss was CAD 118 million or CAD 0.42 per diluted share compared to a net loss of CAD 283 million or CAD 1.04 per diluted share a year ago. Operating income was CAD 183 million compared to CAD 68 million a year ago. Operating Revenue was CAD 6,370 million against CAD 6,009 million a year ago. Negative free cash flow was CAD 2 million against positive free cash flow of CAD 294 million a year ago. Adjusted net debt of CAD 4.3 billion decreased CAD 42 million from December 31, 2013. For the quarter, revenue passenger miles were CAD 15,495 million against CAD 14,093 million a year ago. Available seat miles were 18,413 million against 16,972 million a year ago. Passenger load factor was 84.2% against 83.0% a year ago. Passenger revenue per RPM was 18.9 cents against 19.3 cents a year ago. Passenger revenue per ASM was 15.9 cents against 16.0 cents a year ago. Operating revenue per ASM was 17.9 cents against 18.0 cents a year ago. For the six months, revenue passenger miles were CAD 28,961 million against CAD 27,180 million a year ago. Available seat miles were 35,187 million against 33,136 million a year ago. Passenger load factor was 82.3% against 82.0% a year ago. Passenger revenue per RPM was 19.0 cents against 19.2 cents a year ago. Passenger revenue per ASM was 15.6 cents against 15.7 cents a year ago. Operating revenue per ASM was 18.1 cents against 18.1 cents a year ago. For the third quarter, the company expects its system ASM capacity, as measured by available seat miles (ASMs), to increase in the range of 9.0% to 10.0% when compared to the third quarter of 2013. The company expects the ASM capacity growth to be comprised of an increase in the total number of seats dispatched (system) in the third quarter in the range of 6.5% to 7.5%. For the third quarter of 2014, the company expects adjusted CASM to decrease in the range of 3.5% to 4.5% when compared to the third quarter of 2013 For the second half of 2014, the company is forecasting capital spend of about CAD 648 million. The company now expects its full year 2014 system ASM capacity to increase in the range of 7.0% to 8.0% (as opposed to the 6.5% to 8.0% growth projected in the news release dated May 15, 2014) and its full year domestic ASM capacity to increase in the range of 4.0% to 5.0% when compared to 2013 (as opposed to 3.0 to 4.0% growth projected in the news release dated May 15, 2014). The projected system capacity increase is expected to be achieved at a unit cost which is below historical levels. The change in projected domestic ASM capacity is primarily driven by the use of larger aircraft on transcontinental routes in support of the airline's international expansion strategy. The company expects the ASM capacity growth to be comprised of an increase in the total number of seats dispatched (system) in the full year 2014 in the range of 5.0% to 6.0% respectively, when compared to same periods in 2013. Taking into account the company’s adjusted CASM performance in the second quarter of 2014, for the full year 2014, they now expects adjusted CASM to decrease in the range of 3.2% to 4.2% from the full year 2013 (as opposed to the 3.0% to 4.0% decrease projected in the news release dated May 15, 2014). Depreciation, amortization and impairment expense to decrease by CAD 45 million from the full year 2013.

Air Canada Reports Traffic Results for the Month and Year-To-Date Ended July 2014

Air Canada reported traffic results for the month and year-to-date ended July 2014. For the month, the company reported traffic results of 6,374 million RPMs compared to 5,654 million RPMs a year ago. Load factor was 86.7% versus 85.6% a year ago. Capacity was 7,354 million ASMs compared to 6,603 million ASMs a year ago. For the year-to-date, the company reported traffic results of 35,334 million RPMs compared to 32,835 million RPMs a year ago. Load factor was 83.1% versus 82.6% a year ago. Capacity was 42,540 million ASMs compared to 39,739 million ASMs a year ago.

 

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AC/B

Industry Average

Valuation AC/B Industry Range
Price/Earnings 14.2x
Price/Sales 0.2x
Price/Book NM Not Meaningful
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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