MONTREAL – Air Canada reported $296 million in net income during its fourth quarter, up from a loss of $644 million during the same period a year earlier.
Its diluted earnings per share amounted to $1 during the period, compared with a loss per share of $1.81 last year.
The Montreal-based airline says its operating revenue came in at a record $5.8 billion during the period ended Dec. 31, up year-over-year from $5.4 billion.
Michael Rousseau, Air Canada’s CEO, says the company’s results came amid shifting demand trends as well as continued macroeconomic and geopolitical uncertainty.
On Wednesday, Air Canada announced the acquisition of eight Airbus A350-1000 wide-body aircraft with rights to purchase another eight planes.
The airline moved to suspend flights to Cuba earlier this month due to a fuel shortage in the Caribbean country.
This report by The Canadian Press was first published Feb. 12, 2026.
Companies in this story: (TSX:AC)
Note to readers:This is a corrected story. The headline of a previous version erroneously referred to third-quarter results.
