Air Historical Income Statement
| AC Stock | CAD 24.96 0.14 0.56% |
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 568.5 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
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.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 closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Air Canada's Net Income is very stable compared to the past year. As of the 29th of November 2024, Net Income From Continuing Ops is likely to grow to about 2.4 B, while Depreciation And Amortization is likely to drop about 879 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 732M | 896M | 930M | 976.5M | Depreciation And Amortization | 1.6B | 1.6B | 1.7B | 879.0M |
Air Canada income statement Correlations
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Air Canada Account Relationship Matchups
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High Negative Relationship
Air Canada income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 2.0B | 1.8B | 1.6B | 1.6B | 1.7B | 879.0M | |
| Interest Expense | 480M | 631M | 732M | 896M | 930M | 976.5M | |
| Selling General Administrative | 397M | 372M | 362M | 468M | 555M | 1.1B | |
| Selling And Marketing Expenses | 874M | 252M | 244M | 797M | 1.1B | 568.5M | |
| Total Revenue | 19.1B | 5.8B | 6.4B | 16.6B | 21.8B | 13.6B | |
| Gross Profit | 4.6B | (2.3B) | (1.6B) | 2.8B | 6.2B | 3.5B | |
| Other Operating Expenses | 17.5B | 9.3B | 9.2B | 16.7B | 19.6B | 13.7B | |
| Operating Income | 1.7B | (3.8B) | (3.0B) | (187M) | 2.3B | 2.4B | |
| Ebit | 2.3B | (4.2B) | (3.2B) | (628M) | 3.1B | 3.3B | |
| Ebitda | 4.2B | (2.4B) | (1.6B) | 1.0B | 4.8B | 5.1B | |
| Total Operating Expenses | 2.9B | 1.2B | 1.2B | 3.0B | 3.9B | 3.6B | |
| Income Before Tax | 1.8B | (4.9B) | (4.0B) | (1.5B) | 2.2B | 2.3B | |
| Total Other Income Expense Net | (576M) | (1.1B) | (932M) | (1.3B) | (67M) | (70.4M) | |
| Net Income | 1.5B | (4.6B) | (3.6B) | (1.7B) | 2.3B | 2.4B | |
| Income Tax Expense | 299M | (206M) | (379M) | 176M | (64M) | (60.8M) | |
| Cost Of Revenue | 14.5B | 8.1B | 8.0B | 13.8B | 15.7B | 10.1B | |
| Research Development | 76M | 108M | 84M | 106M | 107M | 65.4M | |
| 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
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 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).