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Air Canada press launch (OTCQX:ACDVF): Q2 Non-GAAP EPS of C$0.98. Income of C$5.52B (+1.7% Y/Y). Adjusted EBITDA of C$914 million, decreased C$306 million 12 months over 12 months. Leverage ratio of 1.0 as at June 30, 2024, in comparison with 1.1 at finish of 2023. Adjusted CASM of 13.53 cents elevated 1.7% year-over-year. Internet money flows from working actions of C$924 million, decreased C$566 million. Free money move of C$451 million, decreased C$514 million. Internet debt-to-adjusted EBITDA ratio was 1.0 at June 30, 2024, in comparison with 1.1 at December 31, 2023.
Outlook
For the third quarter of 2024, Air Canada plans to extend its ASM capability between 4% and 4.5% from the identical quarter in 2023.
For the complete 12 months 2024, Air Canada is confirming the next steerage, which was up to date on July 22, 2024:
Metric
2024 Steerage
ASM capability
5.5 to six.5% improve versus 2023
Adjusted CASM
2.5 to three.5% improve versus 2023
Adjusted EBITDA
$3.1 to $3.4 billion
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