Air Canada has updated its 2023 guidance, with expectations of higher profits as the airline industry recovers from the pandemic.
Air Canada projected its earnings before interest, taxes, depreciation, and amortization (EBITDA) to increase from CAD $2.5 - $3.5 billion to CAD $3.5 - $4 billion, citing stronger-than-anticipated demand and lower-than expected fuel prices in the year ahead.
Air Canada will release its first quarter 2023 results on 12MAY.
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