Air Canada: Resilient Financial Outlook and Strategic Market Shift Support Buy Rating
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Thomas Fitzgerald CFA has maintained a Buy rating for Air Canada, citing a resilient financial outlook despite recent challenges, including a C$375 million impact from flight attendant industrial action. The airline's updated guidance projects third-quarter EBITDA between C$950 million and C$1 billion, and full-year 2025 EBITDA between C$2.9 billion and C$3.1 billion. Air Canada is strategically shifting focus to Latin American markets and anticipates slight capacity growth. Canaccord Genuity also supports a Buy rating with a C$25.00 price target.
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