Air Historical Income Statement
| AC Stock | CAD 20.02 0.04 0.20% |
Historical analysis of Air Canada income statement accounts such as Interest Expense of 976.5 M, Selling General Administrative of 1.1 B or Selling And Marketing Expenses of 536.6 M can show how well Air Canada performed in making a profits. Evaluating Air Canada income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Air Canada's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Air Canada latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Air Canada is a good buy for the upcoming year.
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About Air Income Statement Analysis
Air Canada Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Air Canada shareholders. The income statement also shows Air investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Air Canada Income Statement Chart
Air Canada Income Statement is one of the three primary financial statements used for reporting Air's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Air Canada revenue and expense. Air Canada Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Air Canada's Total Other Income Expense Net is very stable compared to the past year. As of the 29th of April 2024, Net Income is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop about 1.1 B. Add Fundamental
Total Revenue
Total revenue comprises all receipts Air Canada generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Air Canada. It is also known as Air Canada overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Air Canada income statement and represents the costs associated with goods and services Air Canada provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Air Canada's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Air Canada current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Air Canada's Total Other Income Expense Net is very stable compared to the past year. As of the 29th of April 2024, Net Income is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop about 1.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 732M | 896M | 930M | 976.5M | Depreciation And Amortization | 1.9B | 1.6B | 1.9B | 2.0B |
Air Canada income statement Correlations
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Air Canada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air Canada income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 2.1B | 2.2B | 1.9B | 1.6B | 1.9B | 2.0B | |
| Interest Expense | 480M | 631M | 732M | 896M | 930M | 976.5M | |
| Selling General Administrative | 397M | 372M | 362M | 468M | 1.7B | 1.1B | |
| Selling And Marketing Expenses | 874M | 252M | 244M | 797M | 916.6M | 536.6M | |
| Total Revenue | 19.1B | 5.8B | 6.4B | 16.6B | 21.8B | 13.6B | |
| Other Operating Expenses | 17.5B | 9.3B | 9.2B | 16.7B | 19.2B | 13.3B | |
| Operating Income | 1.7B | (3.8B) | (3.0B) | (11M) | 2.3B | 2.4B | |
| Ebit | 1.7B | (3.8B) | (3.0B) | (11M) | (12.7M) | (13.3M) | |
| Ebitda | 3.7B | (1.5B) | (1.1B) | 1.6B | 1.9B | 2.0B | |
| Total Operating Expenses | 2.9B | 1.2B | 1.2B | 3.0B | 19.6B | 20.5B | |
| Income Before Tax | 1.8B | (4.9B) | (4.0B) | (1.5B) | 2.2B | 2.3B | |
| Total Other Income Expense Net | 125M | (1.1B) | (932M) | (1.5B) | 447M | 469.4M | |
| Net Income | 1.5B | (4.6B) | (3.6B) | (1.7B) | 2.3B | 2.4B | |
| Income Tax Expense | 299M | (206M) | (379M) | 176M | 158.4M | 166.3M | |
| Gross Profit | 4.6B | (2.3B) | (1.6B) | 2.8B | 6.2B | 6.5B | |
| Cost Of Revenue | 14.5B | 8.1B | 8.0B | 13.8B | 15.7B | 10.1B | |
| Net Income From Continuing Ops | 1.5B | (4.6B) | (3.6B) | (1.7B) | 2.3B | 2.4B | |
| Net Income Applicable To Common Shares | 1.5B | (4.6B) | (3.6B) | (1.7B) | (1.5B) | (1.5B) | |
| Interest Income | 206M | 132M | 794M | 1.3B | 416M | 649.9M | |
| Tax Provision | 299M | (206M) | (379M) | 176M | (64M) | (67.2M) | |
| Net Interest Income | (355M) | (526M) | (668M) | (704M) | (514M) | (539.7M) | |
| Reconciled Depreciation | 2.0B | 1.8B | 1.6B | 1.6B | 1.7B | 1.7B |
Pair Trading with Air Canada
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Canada position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Canada will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Stock
| 0.68 | BBD-B | Bombardier Earnings Call This Week | PairCorr |
| 0.71 | ELD | Eldorado Gold Corp | PairCorr |
Moving against Air Stock
| 0.57 | POW | Power | PairCorr |
| 0.42 | RUS | Russel Metals | PairCorr |
The ability to find closely correlated positions to Air Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Canada when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Canada - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Canada to buy it.
The correlation of Air Canada is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air Canada can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Air Stock analysis
When running Air Canada's price analysis, check to measure Air Canada's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air Canada is operating at the current time. Most of Air Canada's value examination focuses on studying past and present price action to predict the probability of Air Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Canada's price. Additionally, you may evaluate how the addition of Air Canada to your portfolios can decrease your overall portfolio volatility.
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