Air Canada Reports Third Quarter 2025 Net Profit of $264 Million or $0.88 per Diluted Share
- Joe Breitfeller
- 3 hours ago
- 3 min read
Air Canada has reported a third quarter 2025 net profit of $264 million or $0.88 per diluted share on a year-over-year decline in revenue of 5.0 percent to $5.77 billion. The carrier ended the period with $8.3 billion in total liquidity.
On Tuesday (November 4, 2025), Air Canada reported their third quarter financial results for the period ending September 30, 2025. The carrier reported a a third quarter 2025 net profit of $264 million or $0.88 per diluted share on a year-over-year decline in revenue of 5.0 percent to $5.77 billion. Air Canada’s third quarter adjusted cost per available seat mile (Adjusted CASM) increased to 13.99 cents, up from 12.15 cents during the same period last year. At September 30, 2025, the company had liquidity totaling $8.3 billion, including $6.9 billion in cash, cash equivalents, short and long-term investments, and $1.36 billion available under undrawn credit facilities.
In Tuesday’s announcement, Air Canada’s President and Chief Executive Officer, Michael
Rousseau, said,
“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. We deeply regret that the disruption significantly affected our customers. The entire company worked extremely hard to assist those whose travel was disrupted and to quickly return our operations to normal, and we were also flexible with customer goodwill policies. I thank all employees for their commitment to customer service and operational excellence.
“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. Our underlying business fundamentals are very strong. There is good booking momentum in the fourth quarter and early positive indicators into the first quarter of 2026. Our 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. We will also continue to improve our cost structure through productivity gains, operational efficiencies and constant cost discipline to mitigate near term pressures. We continue to focus on free cash flow generation in order to return value to shareholders, including through the renewal of our share buyback program announced today. The hard work ahead in 2026 will position us very well for the second half of our strategic plan and to deliver significant long-term value to all stakeholders.”
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
