Air Canada updates investors with 2022 full year outlook

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