Air Canada records operating revenue of $21.8bn in 2023

Air Canada has published its full year 2023 review, with president and CEO of Air Canada explaining: “We met key financial objectives and advanced or exceeded most of our strategic and operational goals for the year, demonstrating our ability to perform consistently”. In the full year, the flag carrier earned a full year operating income of $2.3bn on a record operating revenue of $21.8bn. Adjusted EBITDA more than doubled (reaching almost $4bn) and the leverage ratio reduced from 5.1x adjusted EBITDA as of December 31 2022 to 1.1x as of December 31 2023. Cash generated from operating activities reached approximately