By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Air Canada Targets $30 Billion in Revenue by 2028
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > Aviation > Airlines > Air Canada Targets $30 Billion in Revenue by 2028
AirlinesAviation

Air Canada Targets $30 Billion in Revenue by 2028

Fatima-Zahra Liamani
Last updated: 22 December 2024 19:47
By Fatima-Zahra Liamani
3 Min Read
Share
White Air Canada Plane on Green Grass
White Air Canada Plane on Green Grass © Vincent Albos
SHARE

Air Canada has outlined its growth strategy to reach $30 billion in operating revenue by 2028. This ambitious plan focuses on boosting profitability, enhancing the customer experience, and expanding its market reach.

President and CEO Michael Rousseau emphasized the company’s track record and confidence in its strategy stating to Travel Radar:

Our plan includes expanding the network, improving the customer experience, taking care of our employees, enhancing financial performance, and continuously investing in the business to generate long-term value for investors while being mindful of the interests of our stakeholders. We believe we are very well positioned to execute our long-term plans.

Air Canada
Air Canada © Isaac Struna

Short-Term Goals: Air Canada’s $30 Billion Revenue Plan

For 2024, Air Canada’s growth strategy expects a 5% increase in available seat miles (ASM), a key measure of passenger capacity. However, the airline anticipates an approximate 2% rise in adjusted cost per available seat mile (CASM), reaching 13.75 cents. Air Canada projects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), a key profitability metric, to total $3.5 billion, down from $3.98 billion in 2023.

In 2025, Air Canada forecasts continued ASM growth of 3% to 5%. Adjusted CASM will likely range from 14.25 cents to 14.50 cents, while the airline expects adjusted EBITDA to fall between $3.4 billion and $3.8 billion. The airline also expects free cash flow to break even in 2025, with a $200 million variance.

Long-Term Targets for Air Canada’s $30 Billion Vision

Air Canada’s long-term growth strategy focuses on reaching $30 billion in operating revenue by 2028. The airline targets an adjusted EBITDA margin of at least 17% by then. It hopes to achieve between 18% and 20% by 2030. The company expects a free cash flow margin of 4-5% through 2030. It also aims for a return on invested capital of at least 12% by 2030. Air Canada plans to reduce its fully diluted share count to under 300 million by 2028 and 2030.

It’s important to note that Air Canada’s long-term growth strategy targets are not guaranteed. The 2028 and 2030 goals “do not constitute guidance or outlook,” the company clarified. These projections are designed to serve as a framework for tracking progress. Air Canada emphasized that external factors, such as economic conditions, geopolitical events, and regulatory changes, could impact the achievement of these goals.

Share your thoughts on Air Canada’s growth strategy in the comments below!

You Might Also Like

Alaska Airlines Announces Nonstop Service Between Seattle and Rome
Coming Soon! Alliance Air’s Trip To The Maha Kumbh Mela!
Air Canada’s 2025 Winter Schedule: 4 New Destinations, 13 New Routes
Klyuchevskoy Volcano Eruption Prompts Red Aviation Alert
Say Goodbye to Heavy Bags With Japanese Airlines’ New Luggage Delivery Service
Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Fatima-Zahra Liamani
ByFatima-Zahra Liamani
Aviation Reporter Intern - an MA International Journalism student at the University of Salford, UK, with experience in communication and journalism. Fatima covers aviation news, focusing on trends, analysis, and global air travel developments.
Previous Article A passenger aeroplane flying in the sky. How Blockchain Could Change the Way We Fly
Next Article British Airways British Airways January Sale 2025: 20 Destinations on Deals Offers
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Cathay congratulates the Belt and Road Summit on its 10th anniversary
10th Belt and Road Summit, Cathay Congratulates the Hong Kong Government
Airshow & Events Aviation Travel
IndiGo cargo
IndiGo expands its network to Purnea, its 94th domestic destination
Aviation Route Development
Lufthansa Technik's 100th LEAP engine Induction
Lufthansa Technik celebrates its 100th CFM LEAP engine induction
Aviation Manufacturing
Aerial View of Coastal Town with Lush Greenery in Dominica
Soaring Above the Rest: Why Aviation-Minded Investors Choose Dominica’s Citizenship by Investment Program
Aviation Travel
Work is already underway at Doncaster Sheffield Airport
Doncaster Sheffield Airport set to reopen following £160m funding grant
Airports
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
Welcome to the TR Community!

Sign in to your account

Not a member? Sign Up