Air Canada (AC.TO), opens new tab forecast its 2025 core profit above analysts’ estimates on Thursday, as the country’s largest carrier relies on consistent international travel demand and a rebound in business bookings.
The airline expects its 2025 adjusted earnings before interest, taxes, depreciation and amortization in the range of C$3.4 billion ($2.39 billion) to C$3.8 billion, compared with analysts’ average estimates of C$3.5 billion.
The carrier has seen strong demand for its services to Asia Pacific and China and has been expanding capacity on these routes.
Canada’s largest carrier reported a quarterly operating revenue of C$5.40 billion in the quarter ended December 31, up 4% from a year earlier.
Airlines with international routes are capitalizing on the growing demand for global travel, as consumers place greater emphasis on experiences rather than material goods.
The Montreal-based company reported fourth-quarter adjusted per-share profit of C$0.25, versus a loss of C$0.12 in the year-ago period due to rising labor costs…
