Air Canada Reports Record Q1 Adjusted EBITDA Amid Fuel Volatility
Air Canada reported a record CAD 623 million adjusted EBITDA for Q1 2026, up 61% year-over-year. The airline suspended full-year guidance due to jet fuel volatility but provided Q2 guidance of CAD 575–725 million in adjusted EBITDA. It also highlighted strong cash generation and balance sheet management.
Topics: adjusted EBITDA growth airline industry fuel volatility share buybacks