Air Canada First Quarter 2024 Earnings: EPS Misses Expectations
Air Canada (TSE:AC) First Quarter 2024 Results
Key Financial Results
Revenue: CA$5.23b (up 6.9% from 1Q 2023).
Net loss: CA$81.0m (down from CA$4.00m profit in 1Q 2023).
CA$0.22 loss per share (down from CA$0.011 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Air Canada EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in North America.
Performance of the market in Canada.
The company's shares are down 6.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Air Canada you should be aware of, and 1 of them can't be ignored.
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