Air Canada Reports Fourth Quarter 2025 Net Profit of $296 Million or $1.00 per Diluted Share
- Joe Breitfeller
- 5 days ago
- 3 min read
Air Canada has reported a fourth quarter 2025 net profit of $296 Million or $1.00 per diluted share on a year-over-year increase in revenue of 6.8 percent to $5.8 billion. At December 31, 2025, Air Canada had approximately $7.5 billion in total liquidity.
On Thursday (February 12, 2026), Air Canada reported their fourth quarter and full year financial results for the period ending December 31, 2025. The carrier reported a fourth quarter 2025 net profit of $296 Million or $1.00 per diluted share on a year-over-year increase in revenue of 6.8 percent to $5.8 billion. Air Canada’s fourth quarter total revenue per available seat mile (TRASM) increased 3.3 percent compared to the same period last year to 22.4 cents, while cost per available seat mile (CASM) declined (6.9) percent to 21.1 cents. Costs excluding fuel and other special items (CASM-ex), or adjusted CASM increased 1.9 percent versus Q4 2024 to 15.3 cents.
In Thursday’s announcement, Air Canada’s President and CEO, Michael Rousseau, said,
“Air Canada finished 2025 with a solid fourth quarter, delivering record revenues of $5.8 billion and achieving strong year‑over‑year earnings growth. For the full year, we generated $918 million in operating income and $3.1 billion in adjusted EBITDA. These results reflect our disciplined actions throughout the year, the strength of our commercial strategy, the loyalty of our customers, and—above all—the dedication and professionalism of our employees. I want to sincerely thank them for their hard work through a demanding year and through the severe cold and record snowfall of recent storms.
“We delivered these results while effectively managing shifting demand trends, a labour disruption in the summer, and continued macroeconomic and geopolitical uncertainty. We maintained our focus on operational reliability, advanced our cost‑reduction initiatives, and generated solid free cash flow, reinforcing the resilience of our business model and supporting disciplined capital allocation, including meaningful share repurchases.
“As we look ahead to 2026, we are encouraged by the strong momentum in bookings and the opportunities created by our next phase of fleet investments. At the same time, we remain sharply focused on cost management, productivity, cash generation, and preserving balance‑sheet flexibility. Air Canada enters 2026 from a position of strength, and we remain committed to creating sustained value for our customers, employees, and shareholders.”
For the full year 2025, Air Canada reported a net profit of $644 million or $1.86 per diluted share on a year-over-year increase in revenue of 0.5 percent to 22.37 billion. At December 31, 2025, the company had total liquidity of 7.5 billion, including $6.2 billion in cash, cash equivalents, and short and long-term investments, as well as $1.34 billion available in undrawn credit facilities.
Air Canada is Canada’s largest domestic and international airline. The Canadian flag carrier is a founding member of the Star Alliance and holds a Four-Star ranking from Skytrax. Air Canada provides scheduled passenger service to 180 airports in Canada, the United States, and internationally on six continents. Through the carrier’s Aeroplan loyalty program, customers can earn and redeem points on the world’s largest airline partner network of 45 airlines. Air Canada Cargo offers air freight lift and connectivity to hundreds of destinations across six continents with a dedicated fleet of 767-300 Freighters and passenger aircraft belly hold capacity. Additionally, the airline has committed to a net zero emissions goal from all global operations by 2050.
Source: Air Canada / Globe Newswire