Air Canada Says Q3 Met Expectations Considering August Strike

Air Canada has reported its third quarter 2025 financial results, which the company described as “solid,” despite the impact of the August strike by flight attendants.

AC had operating revenues of $5.774 billion, a decline of 5% versus last year. The airline posted operating income of $284 million with an operating margin of 4.9%. Adjusted EBITDA was $961 million with adjusted EBITDA margin of 16.6%

“We delivered a solid third quarter financial and operating performance, after adjusting for the labour disruption, which occurred at the peak of the summer season,” said Michael Rousseau, President and Chief Executive Officer.

“Our financial results, after adjusting for the strike impact, met our expectations, with strength in the Atlantic market and in our premium cabins. Operational metrics, such as on-time performance and net promoter score, exceeded both internal targets and last year’s levels for the quarter and year-to-date.”

Rousseau said Air Canada’ underlying business fundamentals are very strong, citing good booking momentum in the fourth quarter and early positive indicators into the first quarter of 2026. He said trans-border business trends are largely stable and on par with the first half of 2025.

“We have exciting times ahead of us with growth plans fuelled by key strategic initiatives and new state-of-the-art efficient aircraft. Our focus over the next twelve months is on preparing the airline to grow and expand margins as we transform our fleet with the arrival of best-in-class aircraft across the portfolio and a revitalized Rouge offering.”

Last week, Air Canada announced that it was shedding hundreds of management positions on the same day it announced a major expansion from Toronto’s Billy Bishop airport.