Air Canada (TSX: AC) this morning announced the suspension of all guidance issued for the remainder of 2025 following the unfolding of an ongoing labor disruption and the suspension of all flights.
The guidance, issued in July, had called for Adjusted EBITDA in the range of $3.2 to $3.6 billion for 2026, alongside free cash flow guidance that expected the company to be breakeven, plus or minus $200 million. ASM capacity meanwhile was expected to increase 1% to 3% relative to 2024, with an adjusted CASM of $0.1425 to $0.1450.
The suspension follows an ongoing labor dispute that most recently saw CUPE direct flight attendants to defy a motion from the Canadian Industrial Relations Board to return to work amid binding arbitration. With the continued uncertainty related to the disruption, the company was forced to cancel guidance for the remainder of 2025.
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Air Canada last traded at $19.77 on the TSX.
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