Air Canada Stock Jumps Following Q3 Performance
Air Canada (AC.TO) saw its stock climb 14% on Friday, closing at $21.51 on the Toronto Stock Exchange. The surge follows the release of the airline’s third-quarter earnings, which exceeded analyst expectations. Alongside higher-than-expected profits, Air Canada raised its 2024 earnings forecast and announced a new share buyback program.
The airline’s positive financial performance reflects strong international travel demand, lower fuel costs, and a successful pilot agreement, signaling stability as it heads into the year’s final quarter. With these developments, Air Canada’s stock price showed one of its strongest gains in recent months.
Q3 Earnings Exceed Expectations
Air Canada’s…