AIR CANADA (AC.CA) Earnings History & Surprises

TSX:ACCA0089118776

Current stock price

17.91 CAD
-0.39 (-2.13%)
Last:

AC.CA Earnings overview

Past quarterly earnings results for AIR CANADA (AC.CA), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).

Earnings Snapshot

Next Earnings Date

Upcoming
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
-CA$0.47
Revenue Estimate
5.482B

Last Reported

Most Recent
Release Date
Feb 12, 2026
Period
Q4 / 2025
EPS Reported
CA$0.65
EPS Surprise
138.14%
Revenue Surprise
1.60%

Beat Rate

Last 8 Quarters
38%
EPS and Revenue beats vs estimates

Quarterly Earnings Historical Results

EPS & Revenue History (in CAD): Actual vs estimated values, surprises, q2q growth and acceleration numbers quarterly history.

QuarterEPSEPS EstEPS SurpriseEPS Q2QRevenueRevenue EstRevenue SurpriseRevenue Q2Q
Q4 2025 0.65 0.27 138.14% 160.00% 5.77B 5.679B 1.60% 6.77%
Q3 2025 0.75 0.98 -23.29% -70.82% 5.774B 6.005B -3.85% -5.44%
Q2 2025 0.60 0.74 -18.71% -38.78% 5.632B 5.717B -1.49% 2.05%
Q1 2025 -0.45 -0.55 18.62% -66.67% 5.196B 5.448B -4.63% -0.57%
Q4 2024 0.25 0.27 -8.01% 308.33% 5.404B 5.287B 2.21% 4.43%
Q3 2024 2.57 1.62 58.34% -24.63% 6.106B 6.238B -2.12% -3.75%
Q2 2024 0.98 0.94 3.78% -47.03% 5.519B 5.693B -3.06% 1.70%
Q1 2024 -0.27 -0.08 -256.26% 49.06% 5.226B 5.343B -2.19% 6.94%
Q4 2023 -0.12 -0.04 -226.62% 80.33% 5.175B 5.27B -1.80% 10.58%
Q3 2023 3.41 2.22 53.80% 177.24% 6.344B 6.279B 1.04% 19.20%
Q2 2023 1.85 0.70 165.00% 256.78% 5.427B 5.299B 2.42% 36.32%
Q1 2023 -0.53 -0.76 30.46% 78.88% 4.887B 4.485B 8.96% 89.93%
Q4 2022 -0.61 -0.21 -186.10% 51.59% 4.68B 4.525B 3.43% 71.37%
Q3 2022 1.23 0.45 175.36% 172.35% 5.322B 5.051B 5.37% 153.07%
Q2 2022 -1.18 -0.94 -26.17% 61.06% 3.981B 4.1B -2.90% 375.63%
Q1 2022 -2.51 -1.67 -49.90% 32.89% 2.573B 2.717B -5.30% 252.95%
Q4 2021 -1.26 -1.60 21.41% 69.12% 2.731B 2.5B 9.24% 230.23%
Q3 2021 -1.70 -1.66 -2.68% 60.47% 2.103B 1.876B 12.10% 177.81%
Q2 2021 -3.03 -2.84 -6.55% 24.44% 837M 873.65M -4.20% 58.82%
Q1 2021 -3.74 -2.91 -28.48% -151.01% 729M 689.1M 5.79% -80.41%
Q4 2020 -4.08 -2.80 -45.46% - 827M 911.92M -9.31% -
Q3 2020 -4.30 -2.67 -60.81% - 757M 1.088B -30.42% -
Q2 2020 -4.01 -3.85 -4.05% - 527M 449.34M 17.28% -
Q1 2020 -1.49 -1.26 -18.19% - 3.722B 3.794B -1.90% -

Notes

  • EPS and Revenue values are non-GAAP when available, otherwise GAAP.
  • Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
  • Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
  • Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.

Earnings Q2Q Performance Trends

EPS Historical Q2Q growth and Acceleration

AC.CA EPS Q2Q GrowthAC.CA EPS Q2Q GrowthEPS Q2Q Growth Q1/21 Q4/21 Q3/22 Q2/23 Q1/24 Q4/24 Q3/25 Q2/26 Q1/27 Q4/27 Q3/28 0 100 -100 200 300

Revenue Historical Q2Q growth and Acceleration

AC.CA Revenue Q2Q GrowthAC.CA Revenue Q2Q GrowthRevenue Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 Q1/27 Q3/27 0 100 200 300

Surprise distribution (Last 4 Quarters)

EPS beat statistics

EPS beat (4)
2
Average EPS beat (4)
28.69%
Max EPS beat (4)
138.14%
Min EPS beat (4)
-23.29%

Revenue beat statistics

Revenue beat (4)
1
Average Revenue beat (4)
-2.09%
Max Revenue beat (4)
1.60%
Min Revenue beat (4)
-4.63%

Analysis

In the last 4 quarters, AC.CA has beaten EPS estimates in 2 out of 4 releases
AC.CA has beaten revenue estimates in 1 out of the last 4 releases
In the last 4 quarters, AC.CA has beaten the EPS estimates by 28.7% on average.
In the last 4 quarters, AC.CA reported -2.1% below the revenue estimates on average.

AIR CANADA / AC.CA Earnings FAQ

What is the most recent earnings date for AC stock?

AIR CANADA (AC.CA) last reported earnings on 2/12/2026.

Can you provide information on whether AIR CANADA beat earnings estimates in the last quarter?

AIR CANADA (AC.CA) beat EPS estimates and beat revenue estimates in the most recent quarter.

How often does AIR CANADA (AC.CA) beat earnings estimates?

In the last 4 quarters, AIR CANADA (AC.CA) has beaten EPS estimates in 2 out of 4 releases.