- Record full year operating revenues of $21.833 billion,reflecting strong demand for air travel
- Full year operating income of $2.279 billion
- 2023 adjusted EBITDA* of $3.982 billion, at the high-end of guidance range
- 2023 cash from operating activities of $4.320 billion and free cash flow* of $2.756 billion
- Leverage ratio* of 1.1 at December 31, 2023, down from 5.1 at December 31, 2022
MONTREAL, Feb. 16, 2024 /CNW/ – Air Canada today reported its fourth quarter and full year 2023 financial results.
“Air Canada produced very strong results for the fourth quarter and full year 2023, delivering on its key financial goals and strategic priorities. For the full year, we had record operating revenues of $21.8 billion, up 32 per cent from 2022 as demand for air travel remained strong. Annual operating income was $2.3 billion; a $2.5 billion improvement from the previous year. Our adjusted EBITDA was nearly $4 billion; more than twice that of full year 2022. These…
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