Below are the financial statements of Air Canada, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CAD | 2024 | 2023 |
|---|---|---|
| Operating revenues | — | — |
| Passenger | 19,760a | 19,403a |
| Cargo | 991a | 924a |
| Other | 1,504a | 1,506a |
| Total revenues | 22,255a | 21,833a |
| Operating expenses | — | — |
| Aircraft fuel | -5,118a | -5,318a |
| Wages, salaries and benefits | -4,880a | -3,955a |
| Depreciation and amortization | -1,799a | -1,703a |
| Airport and navigation fees | -1,487a | -1,418a |
| Aircraft maintenance | -1,237a | -1,083a |
| Sales and distribution costs | -1,085a | -1,097a |
| Capacity purchase fees | -860a | -858a |
| Ground package costs | -782a | -720a |
| Communications and information technology | -649a | -555a |
| Catering and onboard services | -637a | -628a |
| Other | -2,458a | -2,219a |
| Total operating expenses | -20,992a | -19,554a |
| Operating income | 1,263a | 2,279a |
| Non-operating income (expense) | — | — |
| Foreign exchange gain (loss) | -400a | 389a |
| Interest income | 431a | 416a |
| Interest expense | -763a | -944a |
| Interest capitalized | 32a | 14a |
| Financial instruments recorded at fair value | 28a | 115a |
| Loss on debt settlements and modifications | -8a | -10a |
| Other | -68a | -47a |
| Total non-operating expense | -748a | -67a |
| Income before income taxes | 515a | 2,212a |
| Income tax recovery | 1,205a | 64a |
| Net income | 1,720a | 2,276a |
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