Financial PerformancePassenger revenues were better than expected by 2.2%, in large part driven by a more moderate unit revenue pressure relative to the forecast.
Fleet ExpansionAir Canada's fleet plan, which outlines 90 new aircraft deliveries, will underpin a phase of growth in the company’s higher-margin international segment and 6th freedom traffic.
Shareholder ReturnsAir Canada is likely in a good position to underwrite between $3 billion and $5 billion of distribution to shareholders on a cumulative basis over the next several years starting in 2025.