Air Canada (TSX:AC) bumps up against analyst targets amid CEO search talk, low TSX activity
Air Canada inched up in Toronto Friday. Shares hovered near a one-year high, sitting above the average analyst target. Volume was still thin.
Air Canada Stock Sticks Close to 52-Week High; Middle East Tensions Resurface
Air Canada shares are trading close to a one-year high in early Friday moves in Toronto, following a steep run-up. Investors are watching lower oil prices and new developments in Middle East talks. Shares finished June 18 at C$24.20, up C$1.07, or 4.6%, just a cent off the 52-week high.
Air Canada Shares Gain After Oil Declines, Labour Talks Update
Air Canada shares rose almost 3% Monday in Toronto, trading stronger as the Canadian market firmed and oil prices dropped. A tentative deal with thousands of front-line staff also supported the stock. The shares changed hands near C$20.9, up from a previous close of C$20.30, moving between C$20.62 and C$20.98 during the day.
Air Canada Cuts Four U.S. Summer Routes Early as Jet-Fuel Shock Hits Travelers
Air Canada is set to end four seasonal U.S. routes ahead of schedule this summer, citing high fuel costs. The carrier has already reduced flights and withdrawn its annual forecast. These newly scrapped routes link Vancouver, Toronto, and Montreal with several mid-sized U.S. cities.
Air Canada’s $296 million Q4 profit: overseas corporate travel jumps, 2026 outlook tops estimates
Air Canada posted a C$296 million profit for the quarter, snapping back into the black and leaning on international and premium travel. The airline now sees 2026 core profit landing just above what Wall Street had penciled in, though management noted some softness on select U.S.-Canada routes. For this year, Air Canada put its adjusted EBITDA between C$3.35 billion and C$3.75 billion. That’s a range bracketing analyst expectations, which average roughly C$3.5 billion. Capacity growth is pegged at 3.5% to 5.5%.
Markets Shaken, AI Valuations Soar, Oil Slumps: What You Missed in Business This Weekend
Global markets were on edge amid shifting geopolitics and central bank jitters. A high-stakes summit between U.S. President Donald Trump and Russia’s Vladimir Putin ended without a Ukraine ceasefire, and Trump signaled a push for a “rapid peace deal” that Kyiv should accept reuters.com. European leaders scrambled to back Ukraine as fears grew that Washington might soften its support in favor of Arctic oil deals with Moscow reuters.com reuters.com. “The mood seems to favour Russia following Friday’s summit,” observed Aegon asset manager Jeff Grills, noting a rally in Ukraine’s bonds had stalled at ~$0.55 on the dollar reuters.com. Investors now expect Europe to boost defense spending, and Bank of America warned a U.S.-Russia energy détente could unleash a “deep” bear market in oil and gas reuters.com.
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