Air Canada has reported its Q4 and full-year 2023 financial results, with highlights including record operating revenues of $21.8 billion and annual operating income of $2.3 billion – a $2.5 billion improvement from 2022.
“Air Canada produced very strong results for the fourth quarter and full year 2023, delivering on its key financial goals and strategic priorities,” said President and CEO Michael Rousseau.
“We strengthened our balance sheet, reduced our debt and, despite the continuing macroeconomic and structural cost pressures on our industry, our unit costs were contained within our adjusted CASM guidance,” Rousseau added.
The airline sees more good news for 2024. It now expects its 2024 core profit to be in the range of $3.7 billion to $4.2 billion, compared with a target of $3.5 billion to $4.0 billion set…
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