Air Canada projects robust fall amid challenges

Air Canada has stated that it expects the upcoming fall season to be among the strongest, supported by strong demand from corporate travelers. However, ongoing cost pressures have led to a reduction in its forecast for core earnings in 2026, falling short of previous expectations due to rising fuel prices linked to the conflict with Iran. The conflict has caused a sharp increase in fuel costs, prompting the airline to raise ticket prices and cut some flights. Nonetheless, travel demand remains a driving force. The airline has tried to offset the increased fuel expenses through business measures and cost-cutting efforts, including a temporary halt to share buybacks and the reassessment of some unprofitable routes.

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