Air Canada withdraws 2026 outlook on rising fuel costs
The carrier scrapped its annual core profit forecast due to rising fuel prices and demand uncertainty. It reported a first-quarter net income of C$48 million.
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AIR CANADA scrapped its 2026 core profit forecast late evening April 30 as conflict in Iran doubled jet fuel prices.
The carrier previously projected 2026 adjusted EBITDA between C$3.35B and C$3.75B. Volatile energy costs and shifting demand patterns now threaten the long-term margins of the largest airline in Canada.
