Air Canada takes flight at 2024 Investor Day event
Air Canada unveiled its long-term plan at its 2024 Investor Day earlier this week, setting 2028 targets of $30 billion operating revenues, at least 17% adjusted EBITDA margin and approximately 5% free cash flow margin by 2028.
Michael Rousseau, President and Chief Executive Officer of Air Canada, said: “We are proud and excited to share Air Canada’s ambitions. We are announcing a long-term plan grounded on a proven commercial strategy. The story of Air Canada’s performance is one of demonstrated ability to execute and deliver on commitments.”
Rousseau continued: “Our strategy, which builds on and leverages the unique strengths developed over the last decade, is to rise even higher with consistent margin expansion and structural cash generation while maintaining a strong balance sheet and a responsible risk profile.”
He said that: “Our plan includes expanding the network, improving the customer experience, taking care of our employees, enhancing financial performance and continuously investing in the business to generate long-term value for investors, while being mindful of the interests of our stakeholders. We believe we are very well positioned to execute our long-term plans.”
Highlights of the event included:
- Accelerated commercial growth strategy grounded on strong foundation built over the last decade and leveraging many opportunities ahead
- Focus on margin expansion, consistent cash generation to invest in the business and create long-term value for shareholders
- Capital allocation objectives with disciplined balance sheet management and responsible risk profile
- Air Canada reaffirms full year 2024 guidance and shares expectations for certain financial measures for the full year
- 2025 full year guidance, financial targets for 2028, and long-term aspiration shared
Go to www.aircanada.com/investors for more.
