Air Canada provides domestic and international airline services, including scheduled flights and vacation packages. The company faces significant concerns, notably a negative net margin of -2.8% and a high debt-to-equity ratio of 4.78, indicating potential financial strain. While the gross margin of 14.1% suggests some operational efficiency, the low current and quick ratios (0.60 and 0.56, respectively) raise liquidity concerns. Overall, Air Canada’s financial health appears weak, with challenges in profitability and leverage overshadowing its operational strengths.
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No significant red flags identified
This company appears financially healthy on available metrics
Gross margin improvement of 3.9pp suggests operational efficiency gains.
Operating cash flow of $3685.0M exceeds net income by 757%, indicating high-quality earnings with strong cash conversion.
Strong cash flow conversion with 15.6% of revenue converting to operating cash.
Strong free cash flow margin of 15.6% provides substantial resources for dividends, buybacks, or reinvestment.
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Based on 2026-Q2 (June 30, 2026)