Published: Feb. 16, 2024 at 9:52 a.m. ET
By Adriano Marchese
Air Canada shares were lower Friday morning after the company reported lower-than-expected capacity growth and higher-than-expected costs in its 2024 guidance.
In early morning trading, the stock was down 6% at 18.10 Canadian dollars ($13.44) a share.
The…
By Adriano Marchese
Air Canada shares were lower Friday morning after the company reported lower-than-expected capacity growth and higher-than-expected costs in its 2024 guidance.
In early morning trading, the stock was down 6% at 18.10 Canadian dollars ($13.44) a share.
The Canadian airline said that it intends to increase its available seat-miles capacity by about 10% compared with a year ago, but for the full year, ASM capacity is expected to be 6% to 8% higher than 2023.
On the cost front, Air Canada offered a wide range, with adjusted cost per available seat mile is forecast to increase by 2.5% to 4.5%.
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