Written by Puja Tayal at The Motley Fool Canada
Air Canada (TSX:AC) has always been in the news. But this time, the stock has been the talk. Its stock price surged 10% since September 9 and reached $16.6 after falling 26% since May. Nothing could revive the stock, its rising profits, falling debt, or higher revenue.
In 2023, Air Canada reported its best-ever revenue and net income in five years. By the first half of 2024, the airline halved its net debt to $3.6 billion. The 2023 earnings before interest, taxes, depreciation, and amortization (EBITDA) margin and earnings per share (EPS) returned to its pre-pandemic level.
|
Air Canada’s fundamentals |
2018 |
2019 |
2022 |
2023 |
Jan-June 2024 |
|
Revenue |
$18 billion |
$19.13 billion |
$16.56 billion |
$21.83 billion |
$10.75 billion |
|
Net Income |
$37 million |
$1.47 billion |
($1.7 billion) |
$2.276 billion |
$329 million |
|
Net Debt |
$5.2 billion |
$2.84 billion |
$7.5 billion |
$4.567 billion |
$3.608 billion |
|
EBITDA… |
