Why did Air Canada cut its full-year EBITDA outlook, and what is the new forecast range?

Air Canada cut its full-year adjusted EBITDA outlook due to surging jet fuel costs, which rose 49% year-on-year in the second quarter amid fallout from the Iran war; the airline now forecasts adjusted EBITDA of C$2.9 billion to C$3.2 billion, down from its prior guidance of C$3.35 billion to C$3.75 billion before suspending guidance in April.

What major financial transaction involving Aeroplan was announced, and how will the proceeds be used?

Air Canada disclosed that funds managed by Blackstone Inc., along with Le Caisse de Depot et Placement du Quebec, PSP Investments, and British Columbia Investment Management Corporation, will pay C$2.5 billion for a quarter stake in its loyalty program Aeroplan; the proceeds will be used to repay an upcoming C$1.2 billion bond maturity.

Air Canada Cuts Outlook After Jet Fuel Cost Soars Nearly 50%

Aug 11, 2026

Air Canada lowered its full-year earnings forecast citing a 49% surge in jet fuel expenses due to geopolitical tensions, while raising capital through a C$2.5 billion sale of its Aeroplan loyalty stake.

bloomberg

2026-08-11

Air Canada Cuts Outlook After Jet Fuel Cost Soars Nearly 50%

Air Canada Cuts Outlook After Jet Fuel Cost Soars Nearly 50%

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