Air Canada Stock Net Income
| AC Stock | CAD 18.85 0.02 0.11% |
As of the 31st of January, Air Canada shows the Risk Adjusted Performance of 0.0237, downside deviation of 1.64, and Mean Deviation of 1.17. Air Canada technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Air Canada Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 0.5141 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 2 B | 2.1 B | |
| Net Income From Continuing Ops | 1.5 B | 1.6 B | |
| Net Income Applicable To Common Shares | 1.5 B | 1.6 B | |
| Net Income Per Share | 4.32 | 4.54 | |
| Net Income Per E B T | 3.01 | 3.16 |
Air | Net Income |
Evaluating Air Canada's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Air Canada's fundamental strength.
Latest Air Canada's Net Income Growth Pattern
Below is the plot of the Net Income of Air Canada over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Air Canada financial statement analysis. It represents the amount of money remaining after all of Air Canada operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Air Canada's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Air Canada's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.72 B | 10 Years Trend |
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Net Income |
| Timeline |
Air Net Income Regression Statistics
| Arithmetic Mean | 95,582,353 | |
| Coefficient Of Variation | 2,071 | |
| Mean Deviation | 1,421,940,484 | |
| Median | 167,000,000 | |
| Standard Deviation | 1,979,706,163 | |
| Sample Variance | 3919236.5T | |
| Range | 6.9B | |
| R-Value | 0.21 | |
| Mean Square Error | 4000943.4T | |
| R-Squared | 0.04 | |
| Significance | 0.42 | |
| Slope | 81,252,941 | |
| Total Sum of Squares | 62707783.8T |
Air Net Income History
Air Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Air Canada is extremely important. It helps to project a fair market value of Air Stock properly, considering its historical fundamentals such as Net Income. Since Air Canada's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Air Canada's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Air Canada's interrelated accounts and indicators.
Click cells to compare fundamentals
Air Canada 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Air Canada's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Air Canada.
| 11/02/2025 |
| 01/31/2026 |
If you would invest 0.00 in Air Canada on November 2, 2025 and sell it all today you would earn a total of 0.00 from holding Air Canada or generate 0.0% return on investment in Air Canada over 90 days. Air Canada is related to or competes with Exchange Income, Bombardier, MDA, Brookfield Business, Secure Energy, Chorus Aviation, and Groupe Dynamite. Air Canada provides domestic, U.S. transborder, and international airline services More
Air Canada Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Air Canada's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Air Canada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.59 |
Air Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Canada's standard deviation. In reality, there are many statistical measures that can use Air Canada historical prices to predict the future Air Canada's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.089 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air Canada's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Air Canada January 31, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0237 | |||
| Market Risk Adjusted Performance | 0.099 | |||
| Mean Deviation | 1.17 | |||
| Semi Deviation | 1.58 | |||
| Downside Deviation | 1.64 | |||
| Coefficient Of Variation | 3987.47 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.58 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.089 | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.59 | |||
| Downside Variance | 2.7 | |||
| Semi Variance | 2.49 | |||
| Expected Short fall | (1.25) | |||
| Skewness | (0.18) | |||
| Kurtosis | 0.9783 |
Air Canada Backtested Returns
As of now, Air Stock is very steady. Air Canada secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Air Canada, which you can use to evaluate the volatility of the firm. Please confirm Air Canada's Mean Deviation of 1.17, risk adjusted performance of 0.0237, and Downside Deviation of 1.64 to double-check if the risk estimate we provide is consistent with the expected return of 0.0126%. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Canada is expected to be smaller as well. Air Canada right now shows a risk of 1.6%. Please confirm Air Canada treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if Air Canada will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Air Canada has poor reverse predictability. Overlapping area represents the amount of predictability between Air Canada time series from 2nd of November 2025 to 17th of December 2025 and 17th of December 2025 to 31st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Air Canada price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Air Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Air Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Air Canada reported net income of 1.72 B. This is much higher than that of the Passenger Airlines sector and 90.26% higher than that of the Industrials industry. The net income for all Canada stocks is significantly lower than that of the firm.
Air Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Air Canada's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Air Canada could also be used in its relative valuation, which is a method of valuing Air Canada by comparing valuation metrics of similar companies.Air Canada is currently under evaluation in net income category among its peers.
Fund Asset Allocation for Air Canada
The fund invests 56.18% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (40.66%) , cash (2.79%) and various exotic instruments.Asset allocation divides Air Canada's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Air Fundamentals
About Air Canada Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Air Canada's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Air Canada using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Air Canada based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
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.Other Information on Investing in Air Stock
Air Canada financial ratios help investors to determine whether Air Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Air with respect to the benefits of owning Air Canada security.