Air Canada (AC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Air Canada Second Quarter twenty twenty six Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Amanda Murray, Head of Financial Planning, Strategy and Investor Relations. Please go ahead. Thank you, Julianne. Hello. Welcome to Air Canada's second quarter twenty twenty six earnings call. Thank you for joining us today. On the call with me are Michael Rousseau, our President and Chief Executive Officer Mark Gallauder, our Chief Commercial Officer and President of Cargo and John Diebert, our Chief Financial Officer. Other members of our executive team are also with us and available for the Q and A portion of the call. Before we begin, I remind everybody that today's discussion may contain forward looking information regarding Air Canada's outlook, objectives and strategies. Actual results could differ materially due to various assumptions, risks and uncertainties. Please refer to our Q2 twenty twenty six earnings release, our 2025 annual MD and A and second quarter twenty twenty six MD and A and filings available on aircanada.com and on SEDAR plus With that, I will turn the call over to Mike. Well, you, Amanda. Good morning, and thank you for joining us today. Air Canada delivered a strong second quarter with adjusted EBITDA of seven nineteen million dollars at the upper end of our guidance range, despite fuel prices being slightly higher than our expectations. We generated record operating revenues of $6,300,000,000 up 11% from the same period in 2025, supported by a very strong total unit revenue growth and broad based strength acr...