0750 ET - Air Canada has a solid 4Q beat helped by stronger-than-expected demand trends across passenger and cargo segments, according to Scotiabank. Analyst Konark Gupta says in a report that 2026 guidance for EBITDA and free-cash-flow also beat expectations but notes the FCF outlook "includes $1B in sale/leaseback proceeds vs. our $600M assumption (consensus was likely lower), while AC reduced 2026 capex projection by $200M." Yet even after adjusting for that difference, Gupta says FCF guidance still comes in "ahead of our expectations by $160M," thanks to resilient demand and cost controls. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 07:50 ET (12:50 GMT)
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