Financials in USD. Standardized financial statements.
A compact view of how Air Canada turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $22.37B | $22.25B | $21.83B | $16.56B | $6.40B | $5.83B | $19.13B | $18.07B | $16.25B | $14.68B |
| Revenue Growth? | +0.5% | +1.9% | +31.9% | +158.7% | +9.7% | -69.5% | +5.9% | +11.2% | +10.7% | 0.0% |
| Cost of Revenue? | $17.09B | $16.80B | $14.51B | $13.76B | $8.02B | $8.15B | $14.54B | $14.28B | $12.44B | $10.56B |
| Gross Profit? | $5.29B | $5.46B | $7.32B | $2.80B | -$1.62B | -$2.31B | $4.59B | $3.78B | $3.81B | $4.11B |
| Gross Margin? | +23.6% | +24.5% | +33.5% | +16.9% | -25.3% | -39.7% | +24.0% | +20.9% | +23.5% | +28.0% |
| Operating Expenses? | $4.37B | $4.19B | $5.04B | $2.98B | $1.17B | $1.15B | $2.94B | $2.61B | $2.42B | $2.68B |
| Operating Income? | $918.00M | $1.26B | $2.28B | -$11.00M | -$3.05B | -$3.78B | $1.65B | $1.17B | $1.36B | $1.34B |
| EBITDA? | $3.41B | $3.04B | $4.84B | $816.00M | -$1.64B | -$2.39B | $4.22B | $2.48B | $2.35B | $2.14B |
| Income Before Tax | $789.00M | $515.00M | $2.21B | -$1.52B | -$3.98B | -$4.85B | $1.77B | $405.00M | $1.28B | $877.00M |
| Income Tax Expense | $145.00M | -$1.21B | -$64.00M | $176.00M | -$379.00M | -$206.00M | $299.00M | $238.00M | -$759.00M | $1.00M |
| Net Income? | $644.00M | $1.72B | $2.28B | -$1.70B | -$3.60B | -$4.65B | $1.48B | $167.00M | $2.03B | $876.00M |
| EPS? | $2.07 | $4.81 | $5.97 | $-4.75 | $-10.26 | $-16.48 | $5.51 | $0.61 | $7.44 | $3.16 |
| Diluted EPS? | $1.87 | $4.72 | $6.05 | $-4.75 | $-10.26 | $-16.48 | $5.43 | $0.61 | $7.31 | $3.10 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality