0855 ET - Air Canada is managing what it can control after navigating turbulence of uncertainty in 1Q. Scotiabank's Konark Gupta says the Canadian flagship airline reported better-than-feared 1Q Ebitda and free cash flow thanks to its strong cost management and bookings as traffic faced headwinds. The analyst notes that management trimmed full-year Ebitda guidance, supporting Scotiabank's estimate at the low-end and consensus forecasts at the high-end. This is due to a reduced capacity target, but the company maintained its adjusted cost per available seat mile and FCF guidance thanks to cost and capex savings. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 08:55 ET (12:55 GMT)
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