Partnership, which has unlocked global connectivity to over 225 destinations worldwide, to be expanded and extended until 2032New customer benefits, including enhanced premium travel experience at more airportsStrengthened cargo cooperation to boost two-way trade and better facilitate cargo shipments between the Americas and the Indian subcontinent, Middle East and Southeast Asia MONTRÉAL and DUBAI, United Arab Emirates, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Air Canada and Emirates today announced a commitment ...

If you’ve been eyeing a trip to Serbia, here’s your chance. There’s wide-open business class award availability to Belgrade (BEG) from several U.S. cities. Since there aren’t many direct flights to Serbia, this is a fantastic opportunity to lock in lie-flat seats on nonstop routes instead of connecting through another European hub.Let’s dive into the details.AdvertisementAward Deal — DetailsWhether you’re planning a fall getaway or looking at a trip deep into 2026, there’s plenty of availability right now t ...

Core Insights - Air Canada reported strong second quarter 2025 financial results, with operating revenues exceeding $5.6 billion, an increase of $113 million from the previous year [2][8] - The airline achieved an operating income of $418 million, with an operating margin of 7.4%, and adjusted EBITDA of $909 million, reflecting an adjusted EBITDA margin of 16.1% [2][9] - Air Canada led all major North American carriers in on-time performance for May and June, contributing to improved customer service scores [2][3] Financial Performance - Operating revenues for Q2 2025 were $5.632 billion, a 2% increase compared to the previous year [8] - Operating expenses totaled $5.214 billion, resulting in an operating income of $418 million [9] - Adjusted pre-tax income was reported at $300 million, with net income of $186 million and diluted earnings per share of $0.51 [9][49] Operational Highlights - Air Canada transported 11.6 million customers in the quarter, maintaining high service standards recognized by the Skytrax World Airline Awards [3] - The airline's premium revenues increased by 5% compared to Q2 2024, indicating strong demand for premium services [2] Strategic Initiatives - The company completed a $500 million substantial issuer bid, purchasing 26.6 million shares for cancellation [3] - Air Canada plans to increase its ASM capacity by 3.25% to 3.75% in Q3 2025 compared to the same quarter in 2024 [4] Guidance and Outlook - For the full year 2025, Air Canada reiterated its adjusted EBITDA guidance of $3.2 billion to $3.6 billion and projected a 1% to 3% increase in ASM capacity versus 2024 [4][5] - The airline expects free cash flow to break even, with a margin of +/- $200 million [4] Long-term Targets - Air Canada announced long-term financial targets for 2028, aiming for operating revenues of approximately $30 billion and an adjusted EBITDA margin of at least 17% [7][33] - The company aspires to maintain a free cash flow margin of approximately 5% and a return on invested capital of at least 12% by 2030 [7][33]