Air Canada 3Q Revenue Seen Lower From Labor Challenges -- Earnings Preview

Dow Jones

Nov 01, 2024

By Adriano Marchese

Air Canada is scheduled to report its earnings for the third quarter on Friday. Here's what you need to know.

REVENUE: According to FactSet, revenue is expected to decline to 6.08 billion Canadian dollars (US$4.37 billion) from C$6.34 billion a year earlier.

ADJUSTED EARNINGS PER SHARE: Analysts peg this figure at C$1.62 a share.

Shares rose 2.4% in the third-quarter period, and are currently trading at C$18.80.

WHAT TO WATCH FOR

LABOR CHALLENGES: Investors will be keen to know the effects of the labor disputes in the quarter. National Bank of Canada's Cameron Doerksen says there will be some strike threat-related noise in the third- and fourth-quarter results for the Canadian flagship airline. "Given the uncertainty for passengers, Air Canada undoubtedly saw some book-away in the weeks ahead of the potential work stoppage as well as some costs related to re-booking," he says in a report.

CAPACITY: Capacity growth has been decelerating and this could have positive effects on yield, Doerksen says. This might be more evident in the third quarter, but Air Canada could disclose some details of the trends so far in the current quarter.

HOLIDAY TRENDS: Observers will want to know if there is any indication of bookings ahead of the key holiday periods.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

October 31, 2024 14:06 ET (18:06 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2480655052"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2480655052\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2480655052?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 02:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2480655052","market":"sh","top_or_hot":-1,"title":"Air Canada 3Q Revenue Seen Lower From Labor Challenges -- Earnings Preview","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre>\n \n</pre>\n<p>\n  Air Canada is scheduled to report its earnings for the third quarter on Friday. Here's what you need to know. \n</p>\n<pre>\n \n</pre>\n<p>\n  REVENUE: According to FactSet, revenue is expected to decline to 6.08 billion Canadian dollars (US$4.37 billion) from C$6.34 billion a year earlier. \n</p>\n<p>\n  ADJUSTED EARNINGS PER SHARE: Analysts peg this figure at C$1.62 a share. \n</p>\n<p>\n  Shares rose 2.4% in the third-quarter period, and are currently trading at C$18.80. \n</p>\n<pre>\n \n</pre>\n<p>\n  WHAT TO WATCH FOR \n</p>\n<pre>\n \n</pre>\n<p>\n  LABOR CHALLENGES: Investors will be keen to know the effects of the labor disputes in the quarter. National Bank of Canada's Cameron Doerksen says there will be some strike threat-related noise in the third- and fourth-quarter results for the Canadian flagship airline. \"Given the uncertainty for passengers, Air Canada undoubtedly saw some book-away in the weeks ahead of the potential work stoppage as well as some costs related to re-booking,\" he says in a report. \n</p>\n<p>\n  CAPACITY: Capacity growth has been decelerating and this could have positive effects on yield, Doerksen says. This might be more evident in the third quarter, but Air Canada could disclose some details of the trends so far in the current quarter. \n</p>\n<p>\n  HOLIDAY TRENDS: Observers will want to know if there is any indication of bookings ahead of the key holiday periods. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 14:06 ET (18:06 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air Canada 3Q Revenue Seen Lower From Labor Challenges -- Earnings Preview</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir Canada 3Q Revenue Seen Lower From Labor Challenges -- Earnings Preview\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-01 02:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre>\n \n</pre>\n<p>\n  Air Canada is scheduled to report its earnings for the third quarter on Friday. Here's what you need to know. \n</p>\n<pre>\n \n</pre>\n<p>\n  REVENUE: According to FactSet, revenue is expected to decline to 6.08 billion Canadian dollars (US$4.37 billion) from C$6.34 billion a year earlier. \n</p>\n<p>\n  ADJUSTED EARNINGS PER SHARE: Analysts peg this figure at C$1.62 a share. \n</p>\n<p>\n  Shares rose 2.4% in the third-quarter period, and are currently trading at C$18.80. \n</p>\n<pre>\n \n</pre>\n<p>\n  WHAT TO WATCH FOR \n</p>\n<pre>\n \n</pre>\n<p>\n  LABOR CHALLENGES: Investors will be keen to know the effects of the labor disputes in the quarter. National Bank of Canada's Cameron Doerksen says there will be some strike threat-related noise in the third- and fourth-quarter results for the Canadian flagship airline. \"Given the uncertainty for passengers, Air Canada undoubtedly saw some book-away in the weeks ahead of the potential work stoppage as well as some costs related to re-booking,\" he says in a report. \n</p>\n<p>\n  CAPACITY: Capacity growth has been decelerating and this could have positive effects on yield, Doerksen says. This might be more evident in the third quarter, but Air Canada could disclose some details of the trends so far in the current quarter. \n</p>\n<p>\n  HOLIDAY TRENDS: Observers will want to know if there is any indication of bookings ahead of the key holiday periods. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 14:06 ET (18:06 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ACDVF","symbol_name":"Air Canada","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480655052","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480655052","pubTimestamp":1730397960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Air Canada is scheduled to report its earnings for the third quarter on Friday. Here's what you need to know.REVENUE: According to FactSet, revenue is expected to decline to 6.08 billion Canadian dollars  from C$6.34 billion a year earlier.ADJUSTED EARNINGS PER SHARE: Analysts peg this figure at C$1.62 a share.Shares rose 2.4% in the third-quarter period, and are currently trading at C$18.80.LABOR CHALLENGES: Investors will be keen to know the effects of the labor disputes in the quarter. National Bank of Canada's Cameron Doerksen says there will be some strike threat-related noise in the third- and fourth-quarter results for the Canadian flagship airline. \"Given the uncertainty for passengers, Air Canada undoubtedly saw some book-away in the weeks ahead of the potential work stoppage as well as some costs related to re-booking,\" he says in a report.CAPACITY: Capacity growth has been decelerating and this could have positive effects on yield, Doerksen says. This might be more evident i","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ACDVF":"Air Canada"},"translate_title":"加拿大航空第三季度收入因劳动力挑战而下降——收益预览","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACDVF":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Air Canada is scheduled to report its earnings for the third quarter on Friday. Here's what you need to know. \n\n\n \n\n\n  REVENUE: According to FactSet, revenue is expected to decline to 6.08 billion Canadian dollars (US$4.37 billion) from C$6.34 billion a year earlier. \n\n\n  ADJUSTED EARNINGS PER SHARE: Analysts peg this figure at C$1.62 a share. \n\n\n  Shares rose 2.4% in the third-quarter period, and are currently trading at C$18.80. \n\n\n \n\n\n  WHAT TO WATCH FOR \n\n\n \n\n\n  LABOR CHALLENGES: Investors will be keen to know the effects of the labor disputes in the quarter. National Bank of Canada's Cameron Doerksen says there will be some strike threat-related noise in the third- and fourth-quarter results for the Canadian flagship airline. \"Given the uncertainty for passengers, Air Canada undoubtedly saw some book-away in the weeks ahead of the potential work stoppage as well as some costs related to re-booking,\" he says in a report. \n\n\n  CAPACITY: Capacity growth has been decelerating and this could have positive effects on yield, Doerksen says. This might be more evident in the third quarter, but Air Canada could disclose some details of the trends so far in the current quarter. \n\n\n  HOLIDAY TRENDS: Observers will want to know if there is any indication of bookings ahead of the key holiday periods. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 31, 2024 14:06 ET (18:06 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}