Air Canada’s record Q1 2026: $5.8B revenue, $623M adjusted EBITDA—full-year outlook suspended on fuel uncertainty
Air Canada opened 2026 with record first-quarter performance, reporting $5.8 billion in operating revenues (+11% year over year) and $623 million of adjusted EBITDA (+61%). Operating income was $117 million (+$225 million versus Q1 2025), with net income of $48 million and liquidity of $8.8 billion. The carrier suspended full-year guidance citing fuel-market uncertainty.