DALLAS — Air Canada (AC) has reported strong financial results for the fourth quarter and full year of 2023, meeting its financial goals and strategic priorities.
Canada’s largest airline and the country’s flag carrier recorded operating revenues of C$21.8 billion in 2023, a 32% increase from the previous year. The annual operating income was C$2.3 billion, a C$2.5 billion improvement from the previous year. Adjusted EBITDA was nearly C$4 billion, more than twice that of 2022. AC transported over 46 million passengers in 2023, and despite the growth in traffic and supply chain challenges, key operational metrics and customer satisfaction improved year over year.
For the fourth quarter of 2023, AC reported operating revenues of C$5.175 billion, an increase of 11% compared to the same quarter in 2022. Operating expenses increased by 8%, primarily due to higher costs in various areas, including wages, salaries, and benefits. However, the increase was partially offset by…
#AirCanada
