Overview

• The airline now projects full-year adjusted EBITDA of $2.9 billion to $3.1 billion, below the previously suspended range of $3.2 billion to $3.6 billion.
• Air Canada attributes the $375 million impact to an estimated $430 million revenue hit, about $90 million in incremental costs, and $145 million in savings primarily from lower fuel.
• Operated capacity in the third quarter declined about 2% year over year after more than 3,200 flight cancellations.
• The company expects third-quarter operating income between $250 million and $300 million.
• The three-day strike ended on Aug. 19, and the carrier required additional days to restore full operations.