Corporate Profile

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Air Canada at a glance

Air Canada is Canada's largest airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. transborder market and in the international market to and from Canada. Air Canada is a founding member of Star Alliance, providing the world's most comprehensive air transportation network.

Air Canada’s predecessor, Trans-Canada Air Lines (TCA), inaugurated its first flight on September 1, 1937. The 50-minute flight aboard a Lockheed L-10A carried two passengers and mail between Vancouver and Seattle. By 1964, TCA had grown to become Canada’s national airline; it changed its name to Air Canada. The airline became fully privatized in 1989.

Air Canada’s Class A variable voting shares and Class B voting shares are traded on the Toronto Stock Exchange under the single ticker symbol “AC” and on the OTCQX International Premier in the U.S. under the single ticker symbol “ACDVF”.

Its corporate headquarters are located in Montréal.

Air Canada Unveils Next Generation Glowing Hearted Cabins

Air Canada has detailed its most significant cabin investment, unveiling new long-haul cabin designs in April 2026. The first major expression of its new Glowing Hearted standard, the design delivers a distinctly Canadian experience, emphasizing comfort, care, and connection for all customers on every flight, while signalling the airline’s bold growth ambitions.

The completely reimagined cabins will appear first this summer on the A321XLR, which offers a true lie-flat Air Canada Signature Class experience for the first time on a single-aisle aircraft. The introduction of the new Airbus A321XLR will be a game changer, unlocking new trans-Atlantic routes and allowing Air Canada to offer an upgraded, premium journey across more of its North America transcontinental network. The new cabin design featuring the exclusive Air Canada Signature Plus will launch when the Boeing 787-10 enters service.

A New Era in Customer Comfort and Network Growth Begins as the Airbus A321XLR Enters Service

Air Canada has taken delivery of its first two Airbus A321XLR, a next-generation single-aisle. The arrival of these aircraft, leased from SMBC Aviation Capital, marks an important milestone in Air Canada’s fleet renewal and growth strategy, with a total of 30 A321XLR aircraft (15 will be leased, 15 are being acquired directly from Airbus S.A.S.) expected to enter the fleet over the coming years. The A321XLR entered scheduled passenger service for Air Canada on June 9, 2026 with flight AC413 between Montréal and Toronto.

“Air Canada is building one of the most capable fleets in the industry. The entry into service of the first Airbus A321XLR marks a transformative moment for Air Canada and the beginning of an exciting new era for our customers, industry partners, and colleagues,” said Mark Galardo, Executive Vice President and Chief Commercial Officer, and President of Cargo at Air Canada. “Today, we celebrate an aircraft that will unlock new destinations, improve service on existing markets, and enhance the onboard experience. For our premium customers, the A321XLR will offer the only lie-flat seats on a single-aisle aircraft for a Canadian carrier as it crosses the Atlantic and connects destinations across North America.” 

Air Canada’s Modern Fleet

Air Canada’s long-range workhorse is the Boeing 787 Dreamliner, with 40 of them in the Air Canada fleet. In 2023, Air Canada announced the acquisition of 14 Dreamliner 787-10 aircraft.  

Air Canada has taken delivery of the first two of its planned 30 Airbus A321XLR, and has placed an order for eight Airbus A350-1000 aircraft, to be delivered starting in 2030.

The airline’s Airbus A220-300 and Boeing 737 MAX 8 aircraft feature product specifications and in-flight entertainment similar to the 787 Dreamliner. Air Canada operates 44 A220-300 aircraft and is expecting delivery of another 20 A220-300s. It also has 52 737 MAX 8 aircraft in its fleet, which will transition to Air Canada Rouge in 2026.

Awards

Air Canada’s employees and services have received numerous industry honours such as Best Airline in North America at the 2025 Skytrax World Airline Awards, where the airline’s Toronto Air Canada Signature Suite was named the World’s Best Business Class Lounge Dining for the second straight year. Air Canada was also recognized as a Five Star Global Airline Award at the Airline Passenger Experience Association (APEX) 2025 awards. The airline has also earned Gold Level certification in the category of Mental Health at Work from Excellence Canada in 2024, recognizing the airline's dedication to a workplace culture that promotes well-being.

Air Canada's Global Network

Domestic Network

Air Canada connects Canada with domestic service to 50 Canadian airports with an average of 542 daily frequencies.

U.S. Transborder Network

Air Canada's transborder schedule serves 50 U.S. airports with up to 382 daily flights (maximum number of daily flights in a month) between the two countries.

International Network

The airline's international network extends to six continents with service to 111 airports from its Toronto, Montréal, and Vancouver hubs, as well as from Calgary, Halifax, Ottawa, Quebec City, Edmonton, and Winnipeg, with an average of 185 daily frequencies.

New Destinations and Routes in 2026

Air Canada expanded its network in 2026 with 38 new routes announced:

Toronto (YYZ) to:

  • International: Budapest (BUD), Mérida (MID), Ponta Delgada (PDL), Shanghai Pudong (PVG), Roatán (RTB), Tenerife South (TFS), Quito (UIO)
  • U.S.: San Antonio (SAT)

Montréal (YUL) to:

  • International: Aruba (AUA), Berlin (BER), Catania (CTA), Nantes (NTE), Palma de Mallorca (PMI), Roatán (RTB), Santo Domingo (SDQ), Tenerife South (TFS), Quito (UIO)
  • U.S.: Cleveland (CLE), Columbus (CMH)

Vancouver (YVR) to International: Sapporo (CTS), Liberia (LIR), Monterrey (MTY), Mazatlán (MZT), Puerto Escondido (PXM)

Calgary (YYC) to International: Cancún (CUN), Puerto Vallarta (PVR)

Ottawa (YOW) to International: Montego Bay (MBJ)

Halifax (YHZ) to International: Bridgetown Barbados (BGI), Brussels (BRU), Montego Bay (MBJ)

Quebec City (YQB) to International: Pointe-à-Pitre (PTP)

Edmonton (YEG) to International: Montego Bay (MBJ)

Winnipeg (YWG) to International: Montego Bay (MBJ), Punta Cana (PUJ)

YTZ Expansion:

  • Toronto City Centre (YTZ) to US: Boston (BOS), Washington Dulles (IAD), New York LaGuardia (LGA), Chicago O'Hare (ORD)

Landline Expansion:

  • Air Canada launched 3 new Landline destinations from Toronto (YYZ) with premium bus service: Muskoka (YQA), St. Catharines (YCM), and Sarnia (YZR) via Kitchener-Waterloo (YKF)

Air Canada’s Intermodal Network

Beginning in 2023, Air Canada launched air-to-rail booking options for customers to make intermodal connections at airports in eight countries. These include France's TGV-SNCF Voyageurs; Germany’s Deutsche Bahn; Swiss Federal Railways; ÖBB, the national railway of Austria; Italy’s Trenitalia; Spain’s Renfe; and South Korea’s KORAIL's KTX. In Britain, customers have access to LNER, Avanti West Coast, Great Western Rail, and the TransPennine Express, as well as the UK's leading scheduled coach operator, National Express.

In June 2025, Air Canada announced an extension of its codeshare agreement with Lufthansa to include Lufthansa Express Rail services at Frankfurt Airport, operated by Deutsche Bahn. Through the airline's partnership with Lufthansa Express Rail Product and new collaborations with AccesRail & WorldTicket, customers can use a streamlined booking process to create a seamless travel itinerary that connects their flight with trips on trains or coaches.

Economic Impact

Combining the direct impacts associated with operations of Air Canada and its Air Canada Express partners, as well as the impacts from visitor spending, a recent study conducted by InterVISTAS on behalf of Air Canada estimated that the airline’s direct economic impact included 90,900 jobs supported in Canada in 2023. According to the study, these jobs earned approximately $5.9 billion in wages in 2023, and Air Canada’s activities directly contributed to a total of nearly $10.4 billion to direct nationwide GDP and generated over $25 billion in direct economic output to Canada’s economy. The study also found that in 2023, including multiplier impacts, Air Canada supported a total economic impact (direct, indirect, induced and catalytic) of nearly 264,000 jobs earning over $17 billion in wages, close to $31 billion in total GDP and close to $67 billion in total economic output across Canada.

Corporate citizenship

As a global airline and a responsible corporation, Air Canada aims — in everything it does — to integrate sustainability factors through three pillars: Our Business, Our People and Our Planet.

At Air Canada, social elements throughout the organization are as important as economic factors in contributing to the airline's success.

The company has cultivated a corporate culture to include such aspects in strategic decision making, and this in turn has resulted in a wide range of opportunities to cultivate employee engagement in important causes that make a difference.

Principal Hubs

Air Canada’s three hubs, Toronto (YYZ), the primary global hub, Montréal (YUL), a principal gateway to the French and other international markets, and Vancouver (YVR), the airline’s premier gateway to the Asian-Pacific market, offer Air Canada customers convenient connections.

Air Canada Elevates Airport Lounges, Onboard Dining and Entertainment Customer Experience

Air Canada is making an improved customer experience central to its strategy and a means to strengthen its position as a leading global carrier. The airline is investing in all aspects of the customer journey, whether people are flying in Air Canada's Premium or Economy cabins, or in Premium Rouge.

Premium Offerings

The Air Canada Signature Suite has raised the bar with its award-winning dining experience, recognized by Skytrax as the world’s best Business Class dining lounge for the past two years, setting a new standard for premium travel from North America. Air Canada Signature Suites are located in Terminal 1 at Toronto Pearson International Airport and at Vancouver International Airport for select Air Canada Signature Service customers travelling on international routes across the Atlantic and Pacific.

Maple Leaf Lounges provide a thoughtfully designed pre-flight environment, offering guests the flexibility to unwind or stay productive, complemented by a curated selection of complimentary dining options and premium amenities, including shower facilities at select locations.

Air Canada Cafés at Toronto Pearson, Toronto Billy Bishop Toronto City Airport, Montréal-Trudeau,

Québec City Jean Lesage International Airport and Vancouver International airports offer a selection of Canadian craft beers, wine, along with locally-inspired menus, including grab-and-go artisanal wraps, salads, snacks, beverages, and specialty coffees — all served in a relaxed, café-style setting.

Air Canada Concierge services at 45 airports worldwide are available to Aeroplan Super Elite Members and, on day of travel at the airport, to Air Canada Signature Service customers. Concierges are an immediate in-person resource at select airports and by phone and email 24/7 for all travel and airport-related matters and personalized services.

Premium Economy cabins feature enhanced comfort and amenities and are offered on: 787 Dreamliners, Boeing 777-300ERs and -200LRs, and Airbus A330-300s.

Preferred Seats are offered in the Economy cabin for those who would like extra space between seats (up to 10 cm more) and convenience to board earlier and exit sooner on arrival.

Culinary and Wine Talent

Air Canada collaborates with acclaimed Canadian chefs and a sommelier to shape and elevate our onboard food and beverage program. Their expertise directly guides our menu development from coast to coast, adding cultural flavours and local ingredients.

Chef David Hawksworth develops signature dishes with a Canadian touch, featured exclusively in Air Canada International Signature Class (except flights to India and Japan) and in the Air Canada Signature Suites.

Chef Jérôme Ferrer brings his unique culinary style to Air Canada Signature Class on North American flights, and his influence can also be seen in Premium Economy and Economy meals on international departures from Canada.

Chef Vikram Vij creates modern Indian dishes served in all cabins on flights to India.

Chef Masaki Hashimoto designs authentic Japanese meals for Air Canada Signature Class flights to and from Japan, featuring traditional dishes and a sake pairing.

Sommelier Véronique Rivest selects the wines served on board, ensuring thoughtful pairings that work well at altitude.

Wi-Fi

Air Canada introduced fast, free Wi-Fi for Aeroplan Members as of May 1, 2025, on board Air Canada’s flights across North America and to and from select Sun destinations in Mexico and the Caribbean. Sponsored by Bell, the new service means Aeroplan Members can enjoy streaming video services and gaming on their personal devices.

Air Canada and Bell have also partnered to offer free messaging for all Aeroplan Members worldwide on all Wi-Fi equipped aircraft across Air Canada's fleet, including Air Canada Rouge and Air Canada Express flights. This offering will enable Aeroplan Members to send and receive text-based messages via onboard Wi-Fi. In addition, Air Canada offers Wi-Fi access on most North American, Caribbean and international flights.

Find out if Wi-Fi is available on your next flight.

Air Canada Cargo

Air Canada Cargo, the freight division of Air Canada, is Canada's largest air cargo provider as measured by cargo capacity, with a presence in over 50 countries and self-handled hubs in Montréal, Toronto, Vancouver, Chicago, London, and Frankfurt. Air Canada Cargo offers reliable air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s domestic and international passenger flights, freighter flights, and trucking services. The freighter fleet consists of six Boeing 767s in service.

Aeroplan

Air Canada’s Aeroplan is Canada’s leading travel loyalty program, chosen by more than 10 million active members worldwide. Aeroplan helps members travel more and offers the ability to earn or redeem points on all Air Canada flights as well as on the world's largest airline partner network, encompassing over 50 airlines serving more than 1,300 destinations across the globe. Aeroplan Members can also redeem points on an extensive range of merchandise, car rental rewards, and hotels with preferential rates at acclaimed hotels worldwide through HotelSavers

Aeroplan offers members exceptional value and exclusive benefits including saving on redemptions with no additional cash surcharges on Air Canada flights. Members can earn points with more than 250 Aeroplan’s financial, retail, and travel partners, including online shopping via the Aeroplan eStore. Aeroplan’s unique everyday partnerships in Canada with Uber, Starbucks, LCBO and Parkland’s participating 1,100+ Ultramar, Chevron, Pioneer, Fas Gas, ON the RUN and Marché Express locations Canada-wide, enable members to earn points directly when making a purchase. 

Plus, Aeroplan Elite Status Members and eligible Aeroplan Credit Cardholders have access to additional benefits, and select members also enjoy lounge access. Eligible Aeroplan Credit Cardholders can also get an extra night free for every three nights redeemed with Aeroplan points in one reservation, and more.

More about Aeroplan

In the community

For more than 85 years, Air Canada has been part of Canadians’ lives — connecting people and giving back to the communities it serves. In 2012, the Air Canada Foundation was established as a registered charitable organization with a mission centred on improving the health and well-being of children and youth across Canada. Through its core pillars, the Air Canada Foundation helps kids spread their wings:

  • Health: Working with pediatric hospitals and community organizations to improve health outcomes of children and youth.
  • Protection: Addressing the effects of socio-economic adversity such as food insecurity and poverty, as well as the impact of trauma, so that children can live a healthy childhood.
  • Dream: Fostering hope for seriously ill and impoverished children, and those facing physical, mental or social adversity.

Beyond its core mission, the Air Canada Foundation partners with Canadian NGOs to respond to emergencies — both locally and globally — and supports major health-related initiatives.

The Air Canada Foundation brings its mission to life by:

  • Providing air transportation to help children and youth access vital medical care at pediatric hospitals across Canada through the Hospital Transportation Program.
  • Empowering Air Canada employees by facilitating volunteering and providing airline tickets for charity fundraising.
  • Encouraging customers to give back by donating their spare change onboard flights to support the well-being of children and youth through the Every Bit Counts program.

Learn more or donate today.

Online and App Services

Book flights, car rentals and hotel stays; and purchase gift cards, Flight Passes and more online.

Self-service features are available to modify itineraries and purchase upgrades.

Check in and verify flight status 24 hours prior to departure and confirm your contact information. Kiosks at most airports provide self-service at airport arrival.

Stay in contact with real-time mobile app updates. You will also be automatically signed up to receive alerts including gate and time information.

Self-manage your itinerary during severe weather and irregular operations with the “Self-Service Rebooking Tool and follow travel alerts.

Baggage tracking: Air Canada’s mobile app offers real-time baggage tracking, allowing passengers to monitor their luggage across key tracking points from check-in, to when it is loaded on the aircraft and where to claim their bag at the end of their journey.  

Air Canada Rouge

Air Canada Rouge will transition to an all Boeing 737 MAX fleet throughout 2026, which will allow most customers flying Rouge leisure and sun routes across North America and the Caribbean to enjoy upgraded interiors, including personal seatback entertainment, reclining seats and complimentary Fast, Free Wi-Fi sponsored by Bell.

Air Canada Express

Air Canada enhances its North American domestic and transborder network through a capacity purchase agreement with Jazz Aviation and a commercial agreement with PAL Airlines, which operate flights on behalf of Air Canada under the Air Canada Express brand. Air Canada also partners with The Landline Company to provide multimodal luxury motorcoach service connecting select Canadian regional airports.

Specialized Services

Family Travel – Customers with young children may take advantage of complimentary on-board travel goodies, fun children's meal options, and early boarding.

More about family travel

Air Canada Vacations

Air Canada Vacations is a leading travel expert that has been delivering unparalleled travel moments to Canadians. A repeat recipient of the Agents' Choice Award and Travel Pulse Canada Readers’ Choice Award, the tour operator offers expertly curated vacation packages that include all-inclusive options, flight and hotel packages, tours, cruises, car rentals, excursions, and a wide variety of activities and experiences.

With destinations spanning the globe, including Mexico and the Caribbean, Central and South America, Europe, Canada, USA, Australia, New Zealand, Dubai, and Asia, Air Canada Vacations makes travel easy and memorable for Canadians.

Air Canada Vacations packages include flights with Air Canada and Air Canada Rouge, allowing you to earn Aeroplan® points on the flight portion of your trip. Additionally, select packages to destinations within the Caribbean, USA, Europe and beyond offer the opportunity to earn extra Aeroplan® points with a minimum stay.

As part of Air Canada Vacations enhanced customer experience, travellers also benefit from access to a wide network of destination representatives throughout the Caribbean, Mexico, Europe, Central America, Asia, Australia and Dubai, ensuring local service, hospitality and timely support throughout their vacation.

More about Air Canada Vacations

Jetz is Air Canada's premier charter aviation service provider delivering superior Business Class service to satisfy the travel needs of professional sports teams, entertainment groups and corporate clients.

More about Jetz

Climate-related initiatives

Air Canada recognizes that it must do its part to work toward reducing the environmental impact of its operations. As part of this mission, Air Canada continues to pursue its long-term aspirational goal of net-zero greenhouse gas (GHG) emissions from all its global operations by 2050 and its absolute midterm GHG net reduction targets by 2030 for both its air and ground operations, compared to its 2019 baseline. Air Canada’s climate-related initiatives are aimed to align with the Government of Canada’s 2050 commitment of net-zero emissions, the International Air Transport Association (IATA) 2021 resolution for the global air transport industry to achieve net-zero carbon emissions by 2050 and the International Civil Aviation Organization (ICAO) member states’ collective long-term global aspirational goal of net-zero carbon emissions by 2050. These ambitions align with the Paris Agreement and, to succeed, they will require the co-ordinated efforts of the entire aviation industry (e.g., airlines, airports, air navigation service providers, manufacturers) and significant government support. For additional information, please see Air Canada’s TCFD disclosure and visit the Air Canada Leave Less website

Air Canada’s climate-related ambition builds on its existing value streams and activities and is based on four key carbon reduction pillars: Fleet and Operations, Innovation, Sustainable Aviation Fuel (SAF) and Renewable Energy, and Carbon Reductions and Removals. 

Fleet and Operations

Air Canada is proud to be building a modern and more fuel-efficient fleet. We are working on improving fuel efficiency by investing in state-of-the-art fuel-efficient aircraft and by adopting innovative fleet-related modifications in our wide- and narrow-body aircraft.

On the ground, Air Canada expects to continue working towards phasing out carbon-intensive ground support equipment (GSE) and seeking other electrification opportunities. To date, Air Canada has incrementally deployed hundreds of electric GSE across Canada.  In April of 2025, Air Canada announced that its ground operations in Québec City became the airline's first station in Canada to achieve 100% electrification of its GSE fleet across all main categories. This transition will eliminate Air Canada's use of fossil fuel equipment for key GSE categories at this station.

Innovation

As technology continues to emerge over time, Air Canada will evaluate the viability, safety and performance of new electric, hydrogen or hybrid propulsion technologies and will look for other innovative opportunities elsewhere in its operations. In 2022, Air Canada announced a purchase agreement for 30 ES-30 hybrid-electric aircraft under development by Heart Aerospace in Sweden. The purchase remains subject to conditions including in relation to the design and specifications of the aircraft, which would not be expected to start entry into service before at least 2029. 

Carbon reductions and removals

When customers book a flight using Aeroplan points or a combination of points and cash, Air Canada will offset its estimated Scope 1 GHG emissions by purchasing carbon credits based on the GHG emissions estimated to be associated with a customer’s flight, using carbon offset credits provided by Chooose. The total carbon offset credits retired will be equivalent to an estimate of the GHG emissions associated with the portion of the itinerary operated by Air Canada (including Air Canada Rouge and Air Canada Express), once the flight is completed.  In 2025, Air Canada purchased 849,744 tCO2e from 11 carbon offset projects around the world.

SAF and renewable energy

SAF is an industry term used to reference an alternative aviation fuel. It is a type of non-conventional jet fuel made from resources that can be regenerated, also known as renewable feedstocks. It is chemically similar to conventional aviation fuel but comes from non-fossil sources, making it a lower-carbon alternative on a life cycle basis.  Air Canada firmly believes that a policy mechanism is required to catalyze domestic SAF production. While existing measures focus on managing Canada’s low-carbon fuels incentive gap with other jurisdictions, SAF requires large, long-dated capital investments supported by stable Canadian policy frameworks to be produced at scale.

 In 2025, Air Canada achieved its target to procure a minimum of 1 per cent of its jet fuel use in SAF.

Air Canada identifies opportunities to reduce GHG emissions from facilities. Renewable natural gas  was about 12.5 per cent of overall volumes in our Montréal-owned facilities and 17 per cent of overall volumes for owned facilities in Vancouver in 2025. Since 2023, we have continued to purchase renewable electricity certificates for all electricity consumption across Canada (except Quebec, B.C. and Manitoba, as their respective electricity carbon intensity is already low).

Supporting Climate Initiatives

Air Canada engages with its customers through the Leave Less Travel Program (provided by Chooose). Customers have the voluntary option to purchase carbon offset credits together with environmental attributes associated with SAF while booking on the Air Canada booking websites. The total cost of this combined purchase is calculated based on an estimate of the GHG emissions of their flight(s). At any time, customers can participate in the Leave Less Travel Program by visiting the following website.

Through Air Canada's Corporate Leave Less Travel Program, corporate customers and cargo freight forwarders can purchase Scope 3 environmental attributes associated with SAF, carbon offset credits or a combination of both, related to their own business air travel or cargo shipments on Air Canada. This program is one of the many initiatives being implemented to help corporate customers and cargo freight forwarders with their own environmental sustainability goals.

Fleet As of March 31, 2026

Air Canada On order Operating AIR CANADA EXPRESS On order Operating AIR CANADA ROUGE On order Operating
Boeing 777-300ER   19 Embraer 175   25 Airbus A320-200   5
Boeing 777-200LR   6 Mitsubishi CRJ-900   31 Airbus A321-200   13
Boeing 787-8   8 De Havilland Dash 8-400   39 Airbus A319-100   14
Boeing 787-9   32       Boeing 737 MAX 8   3
Boeing 787-10 14              
Boeing 737 MAX 8   49            
Boeing 767 Freighter   6            
Airbus A330-300   20            
Airbus A350-1000 8              
Airbus A321-200   21            
Airbus A321XLR 30              
Airbus A320-200   22            
Airbus A220-300 23 42            
TOTAL 75 225     95     35

Revised by Air Canada Corporate Communications, July 2026

“Caution Regarding Forward-Looking Information

This overview contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements are based on Air Canada’s expectations, estimates, projections and assumptions as of the date of this document and are identified by the use of words or phrases such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “intends,” “targets,” “projects,” “will,” “would,” “could” and similar expressions, and include, without limitation, statements relating to fleet renewal and acquisition plans, future aircraft deliveries and entry-into-service timelines, network expansion and new route announcements, the transition of aircraft to Air Canada Rouge, climate-related targets and ambitions including the goal of net-zero greenhouse gas emissions by 2050 and midterm reduction targets by 2030, the procurement and production of sustainable aviation fuel, electrification of ground support equipment, the development and deployment of hybrid-electric aircraft technology, and investments in state-of-the-art fuel-efficient aircraft, cabin products, customer experience and loyalty programs. Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including, without limitation, general economic, market and business conditions, competition, geopolitical events, the ability to reduce operating costs and secure financing, fuel prices, currency exchange rates, changes in legislation and regulation, the availability of aircraft and related supply chain disruptions, reliance on technology, labour relations, insurance issues, changes in demand, acts of terrorism, pandemics, and the ability to successfully implement strategic initiatives.

Air Canada has and continues to establish targets, make commitments and assess the impact regarding climate change, and related initiatives, plans and proposals that Air Canada and other stakeholders (including government, regulatory and other bodies) are pursuing in relation to climate change and carbon emissions. The achievement of our commitments and targets depends on many factors, including the combined actions of governments, industry, suppliers and other stakeholders and actors, as well as the development and implementation of new technologies. In particular, our 2030 carbon emission-related targets and our related 2050 aspiration are ambitious and heavily dependent on new technologies, renewable energies and the availability of a sufficient supply of sustainable aviation fuels (SAF), which continues to present serious challenges. In addition, Air Canada has incurred, and expects to continue to incur, costs to achieve its goal of net-zero carbon emissions and to comply with environmental sustainability legislation and regulation and other standards and accords. The precise nature of future binding or non-binding legislation, regulation, standards and accords, on which local and international stakeholders are increasingly focusing, cannot be predicted with any degree of certainty, nor can their financial, operational or other impact. There can be no assurance of the extent to which any of our climate goals will be achieved or that any future investments that we make in furtherance of achieving our climate goals will produce the expected results or meet increasing stakeholder environmental, social and governance expectations. Moreover, future events could lead Air Canada to prioritize other nearer-term interests over progressing toward our current climate goals based on business strategy, economic, regulatory and social factors, and potential pressure from investors, activist groups or other stakeholders. If we are unable to meet or properly report on our progress toward achieving our climate change goals and commitments, we could face adverse publicity and reactions from investors, customers, advocacy groups or other stakeholders, which could result in reputational harm or other adverse effects to Air Canada. For additional information regarding the risks, uncertainties, assumptions and factors that could cause actual results to differ materially, please refer to Air Canada’s public disclosure filings, including its most recent annual and interim management’s discussion and analysis, available on SEDAR+ at www.sedarplus.ca. Air Canada does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable securities laws.”