Air Canada Cuts Profit Forecast on Fuel Costs
Air Canada reduced its annual core profit forecast after a sharp rise in jet fuel expenses squeezed profit margins. The airline reported that recent fare hikes have failed to keep pace with soaring fuel prices driven by ongoing geopolitical conflict.
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Air Canada cut its 2026 core profit forecast on Thursday after surging jet fuel costs outpaced fare hikes. The airline reduced its adjusted EBITDA range to between C$2.4 billion ($1.72 billion) and C$2.7 billion. The downgrade follows similar cuts from major United States carriers facing identical margin pressures.
