This move is archived. Current quotes and coverage live on the stock page.
Follow AC
Air Canada experienced a notable boost in its stock price following strong financial results and strategic investments.
Air Canada (AC.TO) saw its stock price surge by 5.90% in yesterday's trading session, closing at CA$27.27. This increase was driven by the airline's robust second-quarter financial results and a significant equity investment in its Aeroplan loyalty program.
Advertisement
Air Canada
AC.TO
AC.TO
Air Canada
WealthAwesomeMarket cap
$6.64B
P/E
20.1x
52W high
$31.45
52W low
$16.45
1W change
-9.22%
Beta
1.66
Analyst Price Targets
Based on analyst covering AC · as of Oct 2, 2026
Wall Street analysts forecast AC stock price to rise 32.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$34.76
+32.2% Upside
Previously C$35.12 on Sep 30, 2026
Current Price
C$26.29
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AC's historical volatility
30-Day Vol
34.0%
Annualized
90-Day Vol
40.4%
Annualized
Trend (90d)
+15.0%
Annualized drift
90d Mean
C$27.73
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$26.76 | C$23.80 – C$30.10 |
| 60 trading days | C$27.24 | C$23.07 – C$32.17 |
| 90 trading days | C$27.73 | C$22.63 – C$33.99 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Investor takeaway: Investors are encouraged by Air Canada's strong performance metrics and strategic initiatives, indicating potential for future growth.
5.90%
Air Canada's stock price increased by 5.90% yesterday, reflecting strong investor confidence.
Bull case
The airline reported record second-quarter revenues of CA$6.3 billion, fueled by high demand for travel, especially in the premium and corporate sectors. They also reinstated their full-year guidance, projecting adjusted EBITDA between CA$2.9 billion and CA$3.2 billion, which supports a positive outlook for the future.
Bear case
However, Air Canada still faces challenges, including high fuel costs and labor-related expenses, which could affect profitability down the line.
Strong Financial Performance
Advertisement
Air Canada reported record second-quarter operating revenues of CA$6.3 billion, an 11% increase year-over-year. The airline's adjusted EBITDA reached CA$719 million, at the top end of its guidance range, showcasing its operational efficiency despite rising fuel costs.
Strategic Investment in Aeroplan
The airline announced a CA$2.5 billion minority equity investment in its Aeroplan loyalty program, led by Blackstone and La Caisse. This investment not only boosts Aeroplan's market value but also strengthens Air Canada's balance sheet, allowing for accelerated share repurchases.
Outlook and Future Guidance
Air Canada reinstated its full-year 2026 guidance, projecting adjusted EBITDA between CA$2.9 billion and CA$3.2 billion. This positive outlook, combined with strong demand for travel, positions the airline favorably for continued growth.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
