MONTRÉAL, March 26, 2026 (GLOBE NEWSWIRE) -- A statement from Michael Rousseau, President and Chief Executive Officer of Air Canada. “I want to reiterate my deepest condolences to the families of the Jazz Captain and First Officer who tragically lost their lives, and recognize the profound impact this accident has had on our employees and customers. Air Canada is cooperating fully with U.S. and Canadian authorities in the investigation. As President and Chief Executive Officer of Air Canada, it is my duty t ...

MONTRÉAL, March 25, 2026 (GLOBE NEWSWIRE) -- The Air Canada Special Assistance Team remains in New York and is continuing their work providing support to passengers, the crew and loved ones of those involved in Air Canada Express flight 8646, operated by Jazz Aviation, on March 22. As of today, four of the injured passengers and crew remain in hospital. The aircraft has been released and Air Canada’s Maintenance teams who are on site in New York, will move the aircraft as soon as it is safe, to a secured ha ...

MONTRÉAL, March 24, 2026 (GLOBE NEWSWIRE) -- Air Canada is providing the following update on the accident involving an Air Canada Express Mitsubishi CRJ900 upon landing at New York LaGuardia on March 22, 2026 around 11:30 p.m. Flight AC8646, operated by Air Canada Express carrier Jazz Aviation LP (Jazz), originated from Montréal. Air Canada confirms that the passenger list indicates the airplane was carrying 72 passengers and four crew members. The Captain and First Officer of the flight died in the accide ...

Arca Continental Drives Growth as It Celebrates Its 100th Anniversary Mar 24, 2026 4:19 PM Eastern Daylight Time Arca Continental Drives Growth as It Celebrates Its 100th Anniversary Share As Arca Continental celebrates its 100th anniversary, it will invest approximately Ps. 18.5 billion across its operations in 2026. MONTERREY, Mexico--(BUSINESS WIRE)--Arca Continental, S.A.B. de C.V. (BMV: AC) ("Arca Continental†or "the Company†), one of the most important Coca-Cola bottlers in the world, continues to a ...

London-bound Air India’s Boeing 787-8, flying from Bengaluru, was diverted to Jeddah on Monday after more than six hours in the air due to a technical issue.An airline spokesperson said the diversion was a precautionary measure and the aircraft is now undergoing thorough technical checks in line with standard safety procedures."Air India Flight AI133, operating from Bengaluru (BLR) to London Heathrow (LHR) on 23 March, made a precautionary en route diversion to Jeddah following a suspected technical issue. ...

Core Points - A Jazz Aviation Mitsubishi CRJ-900 was involved in an accident upon landing at New York LaGuardia on March 22, 2026, carrying approximately 72 passengers and four crew members [1] - The pilot and first officer were confirmed killed in the accident, with Air Canada expressing condolences to the Jazz community and families [2] - Emergency services are on site, and injured passengers are being transported to local hospitals, but the exact number of injuries or additional fatalities has not been confirmed [2] - Air Canada and Jazz Aviation are cooperating with the Transportation Safety Board of Canada and the National Transportation Safety Board in the investigation of the incident [3] Company and Industry Summary - The incident involved Air Canada Express flight AC8646, operated by Jazz Aviation LP, which originated from Montréal [1] - Air Canada and Jazz are committed to providing regular updates as more information becomes available regarding the accident [3] - Family and friends seeking information about passengers can contact Air Canada directly [4]

Core Viewpoint - Air Canada is experiencing significant challenges due to rising jet fuel prices and the ongoing Iran war, leading to a decline in stock price and operational headwinds [1][3][7]. Group 1: Stock Performance - Air Canada stock has dropped to $17.35, down approximately 20% from its highest point of $21.65 this year [1][7]. - The stock is trading at a crucial support level, with technical analysis indicating a potential further decline to a year-to-date low of $16.40 [10][11]. Group 2: Financial Metrics - Air Canada reported record operating revenue of $5.8 billion and an operating income of $918 million [5][6]. - The company's total revenue for the year reached $22.3 billion, with operating expenses at $21.4 billion, resulting in a net income of over $644 million [6]. Group 3: Market Conditions - Jet fuel prices have surged, with the average price reaching $175 per barrel, a 62% increase from the previous month, significantly impacting airline costs [4]. - The ongoing conflict in the Middle East has affected Air Canada's routes, particularly those to the region, contributing to operational challenges [5]. Group 4: Future Projections - Air Canada anticipates an adjusted EBITDA between $3.35 billion and $3.75 billion, with a projected revenue of $30 billion by 2030 [8]. - The company is perceived as overvalued compared to peers, with a forward price-to-earnings ratio of 11, higher than United Airlines (7.3), Delta (9.56), and American Airlines (6.3) [9].

An Air Canada aircraft collided with a ground vehicle at LaGuardia Airport in New York City, resulting in major damage to the front of the aircraft. The Air Canada Express flight, a CRJ-900 aircraft operated by Jazz Aviation, struck a rescue and firefighting vehicle that was responding to a separate incident, a New York City port authority spokesperson told Business Insider in a statement early Monday morning.Jazz Aviation said in a statement on its website that the plane was carrying 72 passengers and 4 cr ...

Core Points - The Air Canada Foundation has announced new leadership changes, with Louise-Hélène Sénécal appointed as the new Chair following the retirement of Priscille Leblanc, who served since the Foundation's inception in 2012 [1][3] - The Foundation's Board of Directors has welcomed new members Maria Kuchel and Marcel Forget, while also acknowledging the retirement of Panagiota 'Peggy' Zafiris [3][6] - In 2026, the Foundation approved grants for 38 registered charities across Canada, with the announcement of Big Dream Grants recipients expected soon [4][6] Leadership Changes - Priscille Leblanc retires after 13 years of leadership as the first Chair of the Air Canada Foundation [6] - Louise-Hélène Sénécal, former Vice President and General Counsel of Air Canada, takes over as Chair [1][3] - New Board members Maria Kuchel (Secretary) and Marcel Forget join the existing Board [3][6] Grant Distribution - The Air Canada Foundation has selected 38 charities to receive grants this year, following a rigorous selection process from hundreds of applications [4][6] - The Foundation has committed to improving the health and well-being of children and youth in Canada, having raised over $20 million since its establishment [5][6] Foundation Overview - Established in 2012, the Air Canada Foundation focuses on supporting children and youth, humanitarian relief, and health-related causes [5][8] - Core programs include the Hospital Transportation Program, which redistributes Aeroplan points to pediatric hospitals, and fundraising activities like the Every Bit Counts program [8]

Core Insights - Air Canada has been recognized as one of Montreal's Top Employers for the 13th consecutive year, highlighting its commitment to creating an engaging and inclusive workplace [1][3] Group 1: Employee Commitment - The recognition reflects Air Canada's sustained investment in its people programs, emphasizing a workplace where employees feel supported [3] - The Elevate leadership development program and the UBY (Unlock the Best in You) employee well-being program are key initiatives that contribute to this recognition [3] Group 2: Additional Recognitions - Air Canada has also been acknowledged as one of Canada's Best Diversity Employers for 2026 and one of Canada's Top Employers for Young People for the third consecutive year [6] Group 3: Company Overview - Air Canada is the largest airline in Canada and a founding member of Star Alliance, providing scheduled service to over 180 airports globally [5] - The airline's Aeroplan program is Canada's premier travel loyalty program with over 10 million members [5] - Air Canada aims for net-zero greenhouse gas emissions by 2050 as part of its climate-related ambitions [5]