Air Canada Pulls 2026 Guidance As Revenue Rises 11%
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Air Canada has withdrawn its 2026 financial guidance due to rising jet fuel prices linked to the Iran conflict, which poses a significant challenge for the aviation sector. CEO Michael Rousseau noted that the situation is testing demand resilience. Despite a Q1 revenue increase of 11% to C$5.8 billion, the cautious industry outlook is concerning for investors. The airline plans to offset fuel costs and will suspend flights to JFK airport starting June 1, with a resumption planned for October. Rousseau will retire following controversy over a condolence video.
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