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StockVS

TSX · Airlines · CAD

Air Canada (AC.TO) Stock Analysis

Air Canada (AC.TO) is a Airlines stock listed on TSX and quoted in Canadian Dollar.

AC.TO

CA$28.72

−CA$0.01 (−0.03%)

Sep 4, 2026 · Market close

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Price History

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AC.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$28.77
Previous Close
CA$28.73
Day's Range
28.47–29.01
52-Week Range
16.45–31.45
Volume
1.24M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.66
Valuation
Market Cap
CA$8.05B
P/E Ratio
21.92
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.40
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.36
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.34
EPS (ttm)Profit attributable to each share over the last twelve months.
1.31
Financials (FY)
Revenue (FY)
CA$22.37B+0.53%
Net Income (FY)
CA$644.00M−62.56%
Profit marginThe share of revenue left as profit after all costs and taxes.
1.82%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
280.17M
1-Year Return
+50.52%
Dividend and dates
Earnings Date
November 3, 2026estimated
Avg Volume
2.68M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

AC.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+48.89%
2025−13.34%
2024+19.10%
2023−3.61%
2022−8.23%
2021−7.20%
2020−53.06%
2019+86.86%
2018+0.31%
2017+89.32%
2016 (partial year)+51.22%

As of September 4, 2026.

AC.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$22.37BCA$644.00M2.9%
2024CA$22.26BCA$1.72B7.7%
2023CA$21.83BCA$2.28B10.4%
2022CA$16.56B−CA$1.70B−10.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$22.37BCA$5.29BCA$918.00MCA$644.00M2.9%
2024CA$22.26BCA$5.46BCA$1.26BCA$1.72B7.7%
2023CA$21.83BCA$6.15BCA$2.28BCA$2.28B10.4%
2022CA$16.56BCA$2.80B−CA$187.00M−CA$1.70B−10.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

AC.TO Valuation vs Airlines Median

Median of 22 stocks
MetricAC.TOAirlines medianvs median
P/E21.9213.1267% above
P/S ratio0.340.5741% below
Profit margin1.82%3.54%1.7 pts below

Medians across 22 Airlines stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The market values Air Canada (AC.TO) at CA$8.05B. The company sits in the Industrials sector, in the Airlines industry. Headcount on file is 36,500.

The 52-week range on file runs from CA$16.45 to CA$31.45. AC.TO last closed at CA$28.72 on September 4, 2026. That is −CA$0.01 (−0.03%) against the previous close. The latest close sits 74.59% above that 52-week low.

Financial Health

In fiscal 2025, Air Canada reported revenue of CA$22.37B. Against the prior fiscal year total of CA$22.26B, that is a change of +0.53%. Net income for the same year was CA$644.00M. That is −62.56% against the prior fiscal year. Profit margin runs at 1.82%. That is 1.7 percentage points below the Airlines median of 3.54%. Trailing earnings per share are 1.31.

Across the 4 fiscal years on file, revenue moves from CA$16.56B in 2022 to CA$22.37B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 21.92 times earnings. That is 67.07% above the Airlines median of 13.12. The forward P/E on file is 12.4. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.36. Measured against sales, the shares trade at 0.34 times revenue. On price-to-sales that is 40.66% below the Airlines median of 0.57. The medians here are taken across 22 Airlines companies that report the metric.

Over the trailing twelve months the price has returned +50.52%. Measured over 10 years, that is +12.17% a year compounded. Beta against the wider market is reported at 1.66. Annualized volatility over the trailing 10 years is 42.7%.

Growth & Income

No dividend is on file for AC.TO.

The strongest complete calendar year on file is 2017 at +89.32%; the weakest is 2020 at −53.06%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the price is +48.89%.

Peer Comparison

Air Canada (AC.TO) operates in the Airlines industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Air Canada AC.TO CA$8.05B 21.9
Delta Air Lines, Inc. DAL CA$52.72B 13.1
United Airlines Holdings, Inc. UAL CA$36.15B 10.4
Ryanair Holdings plc RYAAY CA$28.70B 13.2

The Airlines industry average P/E ratio is 13.1x. Air Canada trades at a P/E of 21.9.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. It provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers. As of December 31, 2025, the company operated a fleet of 223 aircraft under the Air Canada brand name comprising 132 Airbus narrow-body aircraft, and 91 Airbus wide-body aircraft; 33 aircraft under the Air Canada Rouge brand name consisting of 13 Airbus A321 aircraft, 5 Airbus A320 aircraft, and 15 Airbus A319 aircraft; 105 aircraft under the Air Canada Express brand name, including 25 Embraer 175, 35 Mitsubishi CRJ-900, and 45 De Havilland Dash 8-400aircraft; and 15 Mitsubishi CRJ-200 aircraft. It provides air cargo services for routes between Canada, the United States, Europe, Asia, South America, and Australia. In addition, the company develops, operates, markets, and distributes vacation travel packages in the Caribbean, Mexico, the United States, Europe, Central and South America, Asia, Oceania, and the Middle East; offers cruise packages in North America, Europe, the Caribbean, Japan, and Dubai; and provides travel loyalty programs. It also operates Air Canada Café. Air Canada was founded in 1937 and is headquartered in Saint-Laurent, Canada.

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