Yahoo Finance Air Canada Full Year 2022 Earnings: Beats Expectations
Air Canada (TSE:AC) Full Year 2022 Results
Key Financial Results
Revenue: CA$16.6b (up 159% from FY 2021).
Net loss: CA$1.70b (loss narrowed by 53% from FY 2021).
CA$4.75 loss per share (improved from CA$10.26 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Air Canada Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Airlines industry in North America.
Performance of the market in Canada.
The company's shares are down 4.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Air Canada that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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