The good times continue for Canada’s largest airline. With the pandemic firmly in the rear-view mirror, Air Canada today reported record operating revenues of $21.8 billion for last year, up 32% from 2022. Operating income was $2.3 billion, a $2.5 billion improvement from 2022. The company’s adjusted EBITDA (earnings before interest, taxes, deprecation and amortization) was nearly $4 billion; more than twice that of full year 2022. “Air Canada produced very strong results for the fourth quarter and full year 2023, delivering on its key financial goals and strategic priorities,” said Michael Rousseau, President and Chief Executive Officer of Air Canada. “These results stem from the Read more
Air Canada earnings
Tourism Australia’s unveiled Down Under visitation numbers at the Australia Marketplace North America event in Los Angeles this week. And Canada is kicking some serious rear end. In May 2023, Canadian arrivals in Australia reached 94% of 2019 levels, while the United States was at 75%. For the 12-month period ending in May 2023, Canadian arrivals were at 74% of pre-pandemic levels, while the U.S. was at 66%. Canadian visitor spending has reached 92% of 2019 levels, while the U.S. is at 78%, said Chris Allison, Vice President, The Americas, Tourism Australia. He wouldn’t quite say that Canada is pushing Read more
