DALLAS — Air Canada (AC) has reported its financial results for Q3 2024, marking a quarter of mixed financial performance amid strategic adjustments.
Operating revenues reached C$6.1 billion, representing a 4% decline compared to last year, primarily due to a dip in passenger revenues. Operating income came in at C$1.04 billion, down by C$375 million from the previous year, with adjusted EBITDA at C$1.52 billion, a decrease of C$307 million.
Cash flow results showed a positive trend: cash flows from operations rose to C$737 million (a C$329 million increase), and free cash flow reached C$282 million, up by C$147 million year-over-year. AC’s leverage ratio improved to 1.0 by the end of Q3 2024, compared to 1.1 at the close of 2023,…
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