Air Canada has stated in an investor update for the year that it plans to increase its full year 2022 ASM capacity by about 150% from 2021 levels (75% of 2019 ASM levels), and now expects adjusted cost per available seat mile (CASM) to increase about 13 to 15% when compared to 2019. For 2022, Air Canada expects an annual EBITDA margin of about 8 to 11%. “With the pandemic receding and travel returning, Air Canada has put in place a strategy to return to profitability and increase long-term shareholder value. Our expectations for the long-term success of our airline

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