Air Canada Ordinary Shares (Voting and Variable Voting)

AC: XTSE (CAN)

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Air Canada: Fuel Price Spike Jeopardizes Profitability, Offsetting Some Benefit From Tax Deferrals

Nicolas Owens

Mar 10, 2026

Fuel prices spiked since March 6, as US-Israeli attacks on oil infrastructure in Iran threatened global petroleum supply. We updated our forecasts to reflect the impact of higher fuel costs through the second quarter, offsetting some of the benefit of long-term tax deferrals in our valuation.

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Air Canada Ordinary Shares (Voting and Variable Voting)

Air Canada: Fuel Price Spike Jeopardizes Profitability, Offsetting Some Benefit From Tax Deferrals

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