Air Canada restores annual core profit forecast
11/08/2026 23:00
Air Canada restores annual core profit forecast Aug 11 (Reuters) - Air Canada AC.TO restored its annual core profit target on Tuesday, as airlines gain greater clarity on fuel prices after months of volatility caused by the U.S.-Israeli war against Iran.
Canada's largest carrier now expects to post 2026 adjusted core profit in the range of C$2.9 billion ($2.08 billion) to C$3.2 billion. Prior to the suspension, it forecast C$3.35 billion to C$3.75 billion.
($1 = 1.3926 Canadian dollars)
(Reporting by Nandan Mandayam and Aishwarya Jain in Bengaluru; Editing by Shilpi Majumdar)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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