• Partnership, which has unlocked global connectivity to over 225 destinations worldwide, to be expanded and extended until 2032
• New customer benefits, including enhanced premium travel experience at more airports
• Strengthened cargo cooperation to boost two-way trade and better facilitate cargo shipments between the Americas and the Indian subcontinent, Middle East and Southeast Asia
  

MONTRÉAL and DUBAI, United Arab Emirates, Nov. 19, 2025 (GLOBE NEWSWIRE) — Air Canada and Emirates today announced a commitment to expand and extend their strategic partnership, building on the success of a three-year-old agreement between two of the world’s leading airlines. Since launching their strategic partnership in 2022, the airlines have already served more than 550,000 customers, connecting travellers across 56 codeshare routes linking Canada, the U.S., Dubai and key destinations around the globe. The carriers have signed a memorandum of understanding to extend the reciprocal codeshare and loyalty partnership until December 31, 2032. The renewed agreement will deepen their cooperation, lead to enhanced services for customers and cargo shippers, and create the potential for new gateways within Canada in the codeshare network.

“Air Canada’s partnership with Emirates has been highly successful, and we are proud to renew it early, expanding its scope and extending its duration through 2032. This agreement strengthens our international strategy by supporting our daily, year-round service between Toronto and Dubai and providing customers and shippers seamless connections to destinations across the Indian subcontinent, the Middle East and Southeast Asia. Renewing this partnership is great news, not just for our customers – many of whom have family, cultural or business ties to these regions – but also for Canada, as it enhances our ability to connect the country to the world amid evolving trade and travel patterns,” said Mark Galardo, Executive Vice President & Chief Commercial Officer and President, Cargo at Air Canada.

“Our strategic partnership with Air Canada has delivered exceptional results, and we are pleased to extend this collaboration through 2032. This agreement strengthens our passenger and cargo capabilities, enabling us to enhance customer experiences on codeshare flights while expanding network connectivity for travellers across both markets,” said Adnan Kazim, Deputy President and Chief Commercial Officer at Emirates.

“Beyond passenger services, we recognise the vital role air connectivity plays in fostering economic growth. Since establishing our codeshare partnership in 2022, we have witnessed consistent trade expansion between the UAE and Canada. Through enhanced cargo cooperation, we remain committed to facilitating commerce and contributing to the continued prosperity of both economies. We believe this partnership will serve as a catalyst for strengthening our footprint in Canada and unlocking new opportunities for growth.”

Air Canada-Emirates Strategic Partnership

The enhanced partnership between Emirates and Air Canada is poised to significantly strengthen tourism and trade between both countries. The collaboration will increase passenger choice and enable expanded cargo cooperation that will facilitate bi-directional cargo flow between the Americas, the Middle East, and Indian subcontinent. Both airlines are also exploring a potential joint venture focused on cargo operations to support the efficient movement of commodities globally.

The extended agreement will enhance the customer experience through improved priority benefits for eligible passengers and operational coordination between both airlines, including ensuring a seamless move of operations to Dubai World Central – Al Maktoum International Airport (DWC) (expected after 2032). Since its inception, the partnership has grown consistently, with the codeshare network expanding to 56 routes that connect Emirates customers to 37 destinations throughout Canada and the U.S., including several new routes that were added this summer: Air Canada-operated services from Toronto to Minneapolis, Montréal to Calgary, and Vancouver to Los Angeles. Air Canada also places its code on 19 routes operated by Emirates to the Indian subcontinent, Middle East and Southeast Asia.  In addition to flights under the codeshare agreement, Emirates and Air Canada’s interline partnership also provides customers with access to over 225 destinations worldwide.

“Partnerships are one of the most powerful engines of growth in our business, and our collaboration with Emirates is a perfect example. Since launching in 2022, more than half-a-million customers, almost 500 every single day, have seamlessly connected across our combined networks. What makes this partnership so compelling is the ease and breadth of the experience: more routing choice, reciprocal loyalty benefits, lounge access for eligible customers, and smooth interline and codeshare journeys. With this renewed agreement, we’re taking it even further by enhancing the customer experience, expanding access to more airports, and unlocking loyalty redemptions across all cabins,” said Mary-Jane Lorette, Vice President International Affairs, Network & Partnerships at Air Canada.

Since the initial agreement in November 2022, Air Canada relocated its Dubai operation to Dubai International’s flagship Terminal 3. The co-location of operations in one of the world’s premier terminals has significantly enhanced the connection experience and provides eligible Air Canada customers access to Emirates’ signature Business Class Lounges and other hub facilities in Dubai prior to their flight. The two airlines also offer frequent flyer members joint loyalty program benefits. Aeroplan Members can benefit from earning and redeeming points on all flights operated by Emirates — with access to more than 140 destinations across six continents — via the airline’s home and hub, Dubai. Emirates Skywards members can earn and redeem miles on all flights operated by Air Canada, accessing a network of more than 220 destinations worldwide. The carriers also have plans to reciprocally expand redemptions to each other’s Premium Economy cabins, unlocking the ability for eligible Skywards and Aeroplan members to earn and redeem in all cabins operated by Air Canada and Emirates, respectively.

Air Canada currently operates daily Boeing 787 Dreamliner service between Toronto and Dubai. From Dubai, Emirates offers daily services to Toronto onboard its popular flagship A380 aircraft. The world’s largest international airline also operates seven weekly flights between Dubai and Montréal, utilising its other widebody aircraft – the Boeing 777. Customers flying on the carriers can plan their travel itineraries to global destinations, with seamless connectivity.

Canada-UAE Trade

Air connectivity is a key driver of Canada–UAE trade. Bilateral trade grew 14 per cent between 2022 and 2023, with Canadian exports reaching CAD $3.3 billion in 2024 — a 17 per cent increase over 2023. As a major global logistics hub and driver of tourism, Dubai supports Canadian businesses by facilitating trade, investment, and tourism across the Middle East, Indian subcontinent and beyond.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050.

• Halifax restaurant Mystic takes top spot, with Montreal’s Le Violon and aKin from Toronto in second and third place
• More than 30 restaurants were visited by an anonymous culinary expert and the top 10 were determined based on a rigorous assessment of every aspect of the dining experience
• Celebrating 24 years, Air Canada’s Best New Restaurants is the longest-running new restaurant ranking in Canada

MONTRÉAL, Nov. 17, 2025 (GLOBE NEWSWIRE) — Air Canada unveiled its 2025 Top 10 Best New Restaurants in Canada today at a Toronto celebration, with Halifax restaurant Mystic earning first-place honours. Led by Chef Malcolm Campbell and his team, Mystic’s immersive tasting menus marry local Maritime terroir with global technique in a beautiful waterfront setting.

In second, Montreal’s Le Violon, led by chef Danny Smiles, pays homage to the city’s French culinary heritage with a hyper-seasonal menu fusing bold flavours and refined plating. Taking third place, Toronto’s aKin celebrates the city’s multicultural identity with globally inspired dishes pushing the boundaries of modern Canadian dining.

“This year’s winners remind us of the bold creativity shaping the Canadian culinary scene today,” said Andy Shibata, Vice President, Brand at Air Canada. “Whether it is the reinvention of Canadian classics or a chef pouring their heart into an omakase experience, each restaurant reflects its community in a different way. And together they show the incredible range of flavour and culture across the country. We are proud to shine a spotlight on their work and inspire more people to explore Canada through its food.”

The Top 10 Air Canada Best New Restaurants of 2025 are:

1. Mystic (Halifax, NS): This waterfront gem blends coastal warmth with refined elegance, delivering a seafood-forward menu rooted in Nova Scotia’s rich waters. Signature dishes highlight sustainable, locally sourced ingredients and maritime-inspired flavours, marrying inventive technique with timeless tradition.
   
2. Le Violon (Montreal, QC): A maestro of Quebec’s culinary traditions, Le Violon pays homage to Montreal’s French influence while carving out its own bold identity. This intimate fine dining destination presents a hyper-seasonal menu built on locally sourced ingredients, with artful plating and bold flavour combinations that reflect the province’s rich gastronomic heritage.
   
3. aKin (Toronto, ON): Celebrating Toronto’s multicultural identity, aKin presents globally inspired dishes with bold, unexpected flavour combinations. From its vibrant atmosphere to its chef-driven dishes, aKin creates an experience that redefines modern Canadian dining.
   
4. Sushi Hyun Omakase (Vancouver, BC): Known for its meticulous preparation, Sushi Hyun Omakase offers a masterful omakase experience featuring sustainable Pacific Northwest seafood. Each course pays tribute to Japanese culinary craftsmanship with a distinct West Coast twist.
   
5. Maven (Toronto, ON): Maven blends nostalgia and modernity by drawing inspiration from traditional Jewish and Eastern European dishes. Chef Shauna Godfrey’s recipes create a warm, neighbourhood vibe with a sophisticated twist, inviting diners to feel at home while enjoying her take on comforting flavours.
   
6. Nero Tondo (Vancouver, BC): Handmade pastas, bold sauces, and curated wine pairings define Nero Tondo’s contemporary spin on Italian cuisine. Infused with regional influences, the restaurant’s menu offers a seamless balance of traditional techniques and innovative flavour profiles.
   
7. Yan Dining Room (Toronto, ON): “Yan,” meaning banquet feast in Chinese, inspires this exclusive eight-course dining experience created by Chef Eva Chin. Neo-Chinese cuisine comes to life through local, seasonal ingredients and elevated reinterpretations of traditional culinary techniques.
   
8. Sumibiyaki Arashi (Vancouver, BC): This 14-seat omakase spot elevates the art of yakitori, with each skewer cooked over binchotan charcoal for precise, clean flavours. Seasonal fish, vegetable-forward plates, and innovative textures add depth to the menu, while respecting the practice of balance and restraint.
   
9. Pasta Pooks (Montreal, QC): A counter-service eatery with a youthful edge, Pasta Pooks combines the comfort of handmade pastas with creative twists. Bold flavours and playful presentation make this Montreal hotspot a must-visit for food lovers.
   
10. Niwa (Vancouver, BC): Niwa merges the elegance of nature with culinary sophistication, offering dishes inspired by Pacific Northwest ingredients and Asian techniques. From serene plating to refined flavour combinations, Niwa creates a memorable dining experience that embraces simplicity and artistry.

Celebrating Canadian Culinary Excellence

This year’s Top 10 restaurants were revealed at a special event held in Toronto on November 17, 2025. Chefs and teams from the Top 10 restaurants were invited to receive their awards and share dishes from their winning menus with industry professionals, Air Canada guests and invited members of the public.

The Air Canada’s Best New Restaurants Top 10 event is generously presented by Amex, a multi-year National Partner of the program. Air Canada thanks Amex for their ongoing commitment to enriching Canada’s culinary landscape.

“Our collaboration with Air Canada continues to champion the creativity and innovation that define Canada’s culinary landscape,” said Kim Kuzmak, Vice President of Lifestyle Benefits, Partnerships and Brand at American Express Canada. “At American Express, we’re passionate about connecting Cardmembers with experiences that highlight Canada’s culinary talent. We’re proud to support Air Canada’s Best New Restaurants program and the chefs who make Canada a world-class dining destination.”

Culinary Tourism and Beyond

Now in its 24th year, Air Canada’s Best New Restaurants program continues to inspire Canadians to explore through food. From Mystic in Halifax’s flourishing dining scene to the artistry of Sushi Hyun Omakase in Vancouver, the list highlights destinations worth visiting as much for their unforgettable meals as for the journeys themselves.

For more details about the 2025 Best New Restaurants program and the Top 10 winners, visit https://enroute.aircanada.com/best-new-restaurants.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050.

• Requests must be submitted by a Canadian registered charity
• Grants applications will close December 31, 2025
• In 2025, the Air Canada Foundation disbursed $1.6 million in support of 38 projects supporting children

MONTRÉAL, Nov. 13, 2025 (GLOBE NEWSWIRE) — The Air Canada Foundation is excited to welcome applications to its annual grant program. Through this initiative, the Foundation remains deeply committed to improving the health and well-being of children and youth by funding programs that deliver meaningful, lasting impact on children and their families from coast to coast to coast.

Applicants must demonstrate how their proposed project or program will improve and increase access to care, services and eliminate barriers to foster the overall well-being for children and youth from underserved* populations. To be eligible for consideration, requests must be submitted by a Canadian registered charity whose mission aligns with the Air Canada Foundation’s commitment to supporting the health and well-being of children and youth. The funding must support programs or services offered within Canada and must directly impact children from equity-deserving groups.

“We at the Air Canada Foundation believe all children deserve the chance to reach their full potential and we are proud to support organizations that help make this possible. In keeping with our 12-year mission, we’re inviting Canadian charities focused on children’s health and well-being to apply for funding through our grant program. We want to help these charities spread their wings and bring joy, care, and opportunity to more young lives across the country,” said Priscille Leblanc, Chair of the Air Canada Foundation.

In 2025, the Foundation disbursed $1.6 million as part of its annual grant program, in support of 38 distinct projects led by 38 Canadian registered charities, each aligned with one of the Foundation’s three pillars:

Health – through working with pediatric hospitals and community organizations to improve health outcomes for children and youth.

Protection- by addressing the effects of socioeconomic adversity such as food insecurity and poverty, as well as the impacts of trauma so children can live a healthy childhood.

Dreams – by fostering hope for seriously ill and impoverished children and those facing physical, mental and social adversity.

Canadian registered charities who share values around the health and well-being of children and youth may apply for a grant directly on the Air Canada Foundation website.

Financial grant applications are only accepted between November 1 and December 31 each year. All submissions are reviewed collectively after the deadline. Applicants selected for funding will receive their grants during the first half of the following calendar year.

^{*This document includes the terms “equity-deserving” and “underserved”. We acknowledge that the terms we use are inadequate to fully describe the experiences of these communities and do not capture the extent of the barriers members face. Please note that these terms have been used throughout this document for clarity.}

About the Air Canada Foundation 

The Air Canada Foundation, a not-for-profit organization focused on the health and well-being of children and youth, was launched in 2012. It offers both financial and in-kind support to Canadian-registered charities. Core programs include the Hospital Transportation Program, which redistributes Aeroplan points to 15 pediatric hospitals across Canada, enabling children access the medical care they need away from home. The Air Canada Foundation, in collaboration with the airline, also engages directly in fundraising activities, such as the Every Bit Counts program, which encourages customers to donate loose change of all denominations on board flights or through collection containers available in Air Canada Maple Leaf Lounges. The Foundation also offers continued support to major health-related causes that benefit Canadians and is an active participant in international humanitarian relief activity as the need arises. For more information about the Air Canada Foundation, please read the 2024 Impact Report. 

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. 

• Air Canada and Tilley come together to celebrate the spirit of exploration
• Limited-edition Air Canada x Tilley Bucket List Hat drops at Tilley’s Toronto flagship store and online

MONTRÉAL, November 12, 2025 – Whether your dream destinations are near or far, they can now stay top of mind! Air Canada and heritage outfitter Tilley have teamed up to launch the limited-edition Air Canada x Tilley Bucket List Hat. Combining Tilley’s storied craftsmanship with Air Canada’s spirit of exploration, this exclusive collaboration puts an innovative twist on an iconic travel hat that’s ready to join you in exploring the airline’s far-reaching network.  

“The bucket hat is more than an accessory, it’s a timeless symbol of style and exploration,” said Joe Mimran, Co-Owner and Chairman, Tilley Endurables Inc. “For decades the legendary Tilley hat has proven its staying power, and few accessories have travelled so widely, across generations, subcultures, and continents, with such ease and style. This collaboration with Air Canada celebrates that enduring legacy, ensuring this iconic hat remains a trusted companion for adventurers.”

Designed in sleek black and adorned with Air Canada’s famous maple leaf rondelle, this reimagined take on the T1 Iconic Tilley is handmade in Canada. It features 90 dream-worthy Air Canada destinations printed under the brim; a first-of-its-kind print innovation no other Tilley hat has ever featured. The hats are available now at Tilley flagship stores across Canada and online for $109 CAD, while quantities last.

“Exploration is just part of who we are as Canadians. We’re naturally curious, always wanting to see what’s beyond the horizon,” said Andy Shibata, Vice President, Brand at Air Canada. “Working with Tilley felt like such a perfect fit. The Bucket List Hat isn’t just a great travel piece, it’s a little reminder of the places that inspire us, the journeys that shape us, and those small moments that make travel so special.”

Where Will Your Bucket List Hat Take You?

Every year, Air Canada carries millions of adventurers to the world’s favourite cities and hidden gems far from the beaten path. With routes to cultural capitals like Paris, and Tokyo, and up-and-coming cities like Naples, Porto, and Prague, Air Canada’s network opens the door to more of the world than ever before.

Whether it’s a weekend escape or milestone trip, Air Canada connects Canadians to experiences that stay with them long after they return home. Beginning this winter, discover the colours and flavours of Guatemala and Guadalajara, the rhythms of Rio, and the awe-inspiring landscapes of Peru. And by summer 2026, the airline will add the breathtaking locales of Mallorca, Catania – Sicily, and Budapest to the map, inspiring travellers to dream bigger and collect new stamps in their passports.

About Tilley Endurables Inc.

Founded in 1980, Tilley Endurables is globally renowned for its meticulously designed outdoor hats and apparel. With a focus on sustainable materials and a commitment to lifetime quality, Tilley products are essential for any adventure.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. 

• “Zootopia 2” releases only in theatres November 26 and is featured on Air Canada’s Airbus A220
• The Zootopia 2-inspired aircraft is Air Canada’s third Disney-themed livery

MONTRÉAL, Nov. 06, 2025 (GLOBE NEWSWIRE) — Air Canada today revealed a brand-new “Zootopia 2” themed aircraft livery celebrating Walt Disney Animation Studios’ highly anticipated sequel, only in theatres November 26. This special livery on an Airbus A220 aircraft, Fin 138 will be seen in the skies and at several destinations including Montreal, Toronto, Ottawa, Vancouver, Los Angeles, New York LaGuardia, Denver and Boston.

“This special livery is an exciting addition to our broader Disney relationship. It reminds us that travel, like storytelling, is about imagination, connection, and a little bit of magic,” said Andy Shibata, Vice President, Brand at Air Canada. “We’re proud to share this moment with Disney fans and families who love the adventure of travel. We can’t wait to see the movie in theatres, and to spot a special airline in Zootopia, which bears a striking resemblance to our own!”

“We’re thrilled to collaborate with Air Canada to bring the magic of ‘Zootopia 2’ to new heights—literally,” said Quincy Kelman, Vice-President of Marketing for Walt Disney Studios Canada. “As Judy Hopps and Nick Wilde return to the big screen, this collaboration invites fans to embark on an unforgettable journey where storytelling meets travel, celebrating the spirit of adventure that defines both Disney and Air Canada.”

Air Canada is also giving Aeroplan Members the chance to win* a wild adventure of their own – one of two vacations to Walt Disney World Resort in Florida. Bring your pack, pride or herd and come ready to fist pump your paws and howl your heart out with Zootopia: Better Zoogether, the all-new 4D show at Disney’s Animal Kingdom Theme Park!

“Zootopia 2” is the third Disney movie-themed livery for Air Canada. In November 2023, the airline unveiled characters from Walt Disney Animation Studios’ “Wish” on one of its Boeing 787 Dreamliners, and in February 2022, the carrier unveiled an A220 livery featuring Disney and Pixar’s “Turning Red.”

“Zootopia 2” opens only in theatres on November 26. Tickets available now.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. 

• Operating revenues of $5.774 billion, a decline of 5% versus last year
• Operating income of $284 million with operating margin of 4.9% and adjusted EBITDA* of $961 million with adjusted EBITDA margin* of 16.6%
• Net cash flows from operating activities of $813 million and free cash flow* of $211 million
• Robust momentum in bookings, positioning Air Canada to deliver solid results in the fourth quarter of 2025

MONTREAL, Nov. 04, 2025 (GLOBE NEWSWIRE) — Air Canada today reported its third quarter 2025 financial results.

“We delivered a solid third quarter financial and operating performance, after adjusting for the labour disruption, which occurred at the peak of the summer season. We deeply regret that the disruption significantly affected our customers. The entire company worked extremely hard to assist those whose travel was disrupted and to quickly return our operations to normal, and we were also flexible with customer goodwill policies. I thank all employees for their commitment to customer service and operational excellence,” said Michael Rousseau, President and Chief Executive Officer of Air Canada.

“Our financial results, after adjusting for the strike impact, met our expectations, with strength in the Atlantic market and in our premium cabins. Operational metrics, such as on-time performance and net promoter score, exceeded both internal targets and last year’s levels for the quarter and year-to-date. Our underlying business fundamentals are very strong. There is good booking momentum in the fourth quarter and early positive indicators into the first quarter of 2026. Our trans-border business trends are largely stable and on par with the first half of 2025.

“We have exciting times ahead of us with growth plans fuelled by key strategic initiatives and new state-of-the-art efficient aircraft. Our focus over the next twelve months is on preparing the airline to grow and expand margins as we transform our fleet with the arrival of best-in-class aircraft across the portfolio and a revitalized Rouge offering. We will also continue to improve our cost structure through productivity gains, operational efficiencies and constant cost discipline to mitigate near term pressures. We continue to focus on free cash flow generation in order to return value to shareholders, including through the renewal of our share buyback program announced today. The hard work ahead in 2026 will position us very well for the second half of our strategic plan and to deliver significant long-term value to all stakeholders,” said Mr. Rousseau.

Third Quarter 2025 Financial Results

• Operating revenues of $5.774 billion
• Operating expenses of $5.490 billion
• Operating income of $284 million with an operating margin of 4.9% and adjusted EBITDA of $961 million with an adjusted EBITDA margin of 16.6%
• Income before income taxes of $511 million and adjusted pre-tax income of $329 million
• Net income of $264 million and diluted earnings per share of $0.88
• Adjusted net income of $223 million and adjusted earnings per diluted share of $0.75
• Adjusted CASM* of 13.99 cents
• Net cash flows from operating activities of $813 million and free cash flow of $211 million

Outlook

For the full year 2025, Air Canada is updating its guidance and major assumptions as previously provided on September 24, 2025. The updated full year 2025 guidance is as follows:

• Total of seven events in cities across Canada in 2025
• The Air Canada Foundation and Air Canada partnered with local autism organizations and airports as well as PAL Airlines and Jazz Aviation
• Last event of the year took place yesterday in Vancouver
  

MONTRÉAL, Nov. 03, 2025 (GLOBE NEWSWIRE) — Air Canada and the Air Canada Foundation are celebrating another successful year of their Autism Aviation Days events. These events aim to provide a supportive environment where children on the spectrum can familiarize themselves with elements of air travel. This includes the entire pre-flight process, from check-in to boarding and aircraft taxiing, helping to ease anxiety and build confidence for future journeys — not only for the children but also for their families. 

This year, with the support of Jazz Aviation and PAL Airlines, events took place in Vancouver, Kamloops, Calgary, St. John’s, Quebec City, Winnipeg and Edmonton.

“Autism Aviation Days expanded significantly this year,” said Brigitte St-Pierre, Director, Official Languages and Community Engagement at Air Canada. “We were able to offer this experience to more families from coast to coast, and we look forward to continuing this meaningful initiative next year. We are honoured to have supported so many autism organizations this year, who do tremendous work in their communities. We also thank our loyal partners Jazz Aviation and PAL Airlines for their help making those events possible.”

“The initial concept was to reassure families that air travel could be a possibility. Having been approached by a travel advisor who is a Certified Autism Travel Professional based in Victoria, BC – the first Autism Aviation Day took flight at the Victoria International Airport,” says Edna Ray, Senior Manager, Regional Sales at Air Canada, who first approached the Air Canada Foundation with the idea. “The increased demand for the events this year demonstrated families with children on the spectrum most definitely would like to enjoy air travel, and we’re happy to be able to introduce families to that possibility.”

“Accessibility is measured in many ways,” said Paul Walsh, CEO, Autism Society of Newfoundland & Labrador. “On October 5th, I saw smiles and tears of joy as families realized they’d broken through a barrier that has denied them the ability to travel together. When any part of society breaks down barriers, we get closer to true equity and inclusion.”

“The Air Canada Foundation’s dedication toward inclusion and accessibility helped create a reassuring and memorable experience for many families,” said Johanne Potvin, Vice President of the Fondation de l’autisme de Québec. “We were moved by the team’s professionalism, compassion and commitment to making a meaningful difference in the lives of people with autism. Over 60 people had the opportunity to gain first-hand experience with airport procedures, from check-in to boarding.”

In 2024, Air Canada and the Air Canada Foundation held four Autism Aviation Days, helping over 125 children and their families learn more about air travel. In 2025, due to high demand, it hosted seven events, including in Quebec and Newfoundland for the first time, helping over 450 children and their families.

Our accessibility services team is committed to offering seamless travel experiences for all our customers and assists passengers with a wide range of services.

About the Air Canada Foundation

The Air Canada Foundation, a not-for-profit organization focused on the health and well-being of children and youth, was launched in 2012. It offers both financial and in-kind support to Canadian-registered charities. Core programs include the Hospital Transportation Program, which redistributes Aeroplan points to 15 pediatric hospitals across Canada, enabling children access the medical care they need away from home. The Air Canada Foundation, in collaboration with the airline, also engages directly in fundraising activities, such as the Every Bit Counts program, which encourages customers to donate loose change of all denominations on board flights or through collection containers available in Air Canada Maple Leaf Lounges. The Foundation also offers continued support to major health-related causes that benefit Canadians and is an active participant in international humanitarian relief activity as the need arises.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050.