Air Canada reported a net loss of $178 million during the second quarter, compared to net income of $186 million during the same period a year earlier. However, the company says its revenue reached $6.3 billion during the quarter, up year-over-year from $5.6 billion.
“Air Canada delivered record second-quarter operating revenues, up 11% year over year, supported by strong demand across our network, including continued strength in premium and corporate travel, as well as Sixth Freedom traffic,” said Air Canada President and Chief Executive Officer Michael Rousseau, after the company reported its second quarter 2026 financial results and provided updated full-year 2026 financial guidance on Wedneday.
“Capacity increased 0.3 per cent year over year, 0.2 percentage points below the lower end of our second quarter guidance mainly due to weather-related disruptions that negatively affected flight completion rates in the latter part of the quarter,” he added.
Rousseau concluded: “Beyond 2026, with Anko van der Werff announced as my successor, I am confident Air Canada has leadership continuity, a clear strategy and the financial strength to continue driving its long-term objectives and create significant sustainable value for all stakeholders.”
Aeroplan
Alongside its earnings, the airline also announced that funds managed by Blackstone, La Caisse and others are making a $2.5 billion minority equity investment in Aeroplan Inc. Under the terms of the deal, the investor group will acquire a 25% non-controlling equity interest in Aeroplan.
Air Canada will maintain full operational control of Aeroplan along with a controlling ownership interest.
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