← Air Canada overview

Air Canada vs ANA: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Air Canada (0SE9.LSE)

Q3 2026
▲4

Air Canada cuts share count, locks in labor peace, and deepens loyalty

  • Air Canada buys back 9.8% of its shares for $800 million Air Canada completed an $800 million buyback, repurchasing 27.6 million shares — about 9.8% of the company — leaving roughly 252.7 million shares outstanding, below pre-pandemic levels. Fewer shares means each remaining share represents a bigger slice of future profits, which supports the stock price. The buyback was funded by part of the Blackstone and La Caisse investment in Aeroplan.

    This is the single largest capital action this period and directly lifts per-share value.

  • Labor peace secured with all major unions after IAM ratification Air Canada ratified a four-year deal with the machinists union covering 11,000 maintenance and support workers, effective through March 2030. With this, new contracts are in force with all major unions. That removes the risk of strikes or work stoppages that could ground flights and hurt revenue, giving the company a stable cost base to plan around.

    Labor stability removes a major operational and financial risk that had hung over the stock.

  • Aeroplan loyalty program gets stronger with new partners and card perks Aeroplan partnered with World of Hyatt, letting members earn and redeem points across 1,500 hotels, and Chase refreshed its Aeroplan card with automatic 25K status, 5X points on Air Canada purchases, and 15% redemption savings. A more valuable loyalty program attracts more members and credit-card sign-ups, which brings in high-margin revenue and encourages repeat bookings.

    Loyalty is a key profit engine for airlines, and these moves deepen customer lock-in and fee income.

  • Air Canada invests in sustainable fuel and electric regional aircraft Air Canada and Airbus committed about C$13.7 million to develop Canadian sustainable aviation fuel, and Air Canada has ordered 30 electric-hybrid ES-30 aircraft from Heart Aerospace, whose technology just passed a key flight test. These bets aim to cut future fuel costs and emissions, though the electric planes are not expected to fly commercially until the 2030s.

    These investments address long-term fuel cost and environmental pressure, a structural driver for airlines.

August 2026
▲4

Air Canada cuts share count, locks in labor peace, and deepens loyalty

  • Air Canada buys back 9.8% of its shares for $800 million Air Canada completed an $800 million buyback, repurchasing 27.6 million shares — about 9.8% of the company — leaving roughly 252.7 million shares outstanding, below pre-pandemic levels. Fewer shares means each remaining share represents a bigger slice of future profits, which supports the stock price. The buyback was funded by part of the Blackstone and La Caisse investment in Aeroplan.

    This is the single largest capital action this period and directly lifts per-share value.

  • Labor peace secured with all major unions after IAM ratification Air Canada ratified a four-year deal with the machinists union covering 11,000 maintenance and support workers, effective through March 2030. With this, new contracts are in force with all major unions. That removes the risk of strikes or work stoppages that could ground flights and hurt revenue, giving the company a stable cost base to plan around.

    Labor stability removes a major operational and financial risk that had hung over the stock.

  • Aeroplan loyalty program gets stronger with new partners and card perks Aeroplan partnered with World of Hyatt, letting members earn and redeem points across 1,500 hotels, and Chase refreshed its Aeroplan card with automatic 25K status, 5X points on Air Canada purchases, and 15% redemption savings. A more valuable loyalty program attracts more members and credit-card sign-ups, which brings in high-margin revenue and encourages repeat bookings.

    Loyalty is a key profit engine for airlines, and these moves deepen customer lock-in and fee income.

  • Air Canada invests in sustainable fuel and electric regional aircraft Air Canada and Airbus committed about C$13.7 million to develop Canadian sustainable aviation fuel, and Air Canada has ordered 30 electric-hybrid ES-30 aircraft from Heart Aerospace, whose technology just passed a key flight test. These bets aim to cut future fuel costs and emissions, though the electric planes are not expected to fly commercially until the 2030s.

    These investments address long-term fuel cost and environmental pressure, a structural driver for airlines.

Latest
▲4

Air Canada cuts share count, locks in labor peace, and deepens loyalty

  • Air Canada buys back 9.8% of its shares for $800 million Air Canada completed an $800 million buyback, repurchasing 27.6 million shares — about 9.8% of the company — leaving roughly 252.7 million shares outstanding, below pre-pandemic levels. Fewer shares means each remaining share represents a bigger slice of future profits, which supports the stock price. The buyback was funded by part of the Blackstone and La Caisse investment in Aeroplan.

    This is the single largest capital action this period and directly lifts per-share value.

  • Labor peace secured with all major unions after IAM ratification Air Canada ratified a four-year deal with the machinists union covering 11,000 maintenance and support workers, effective through March 2030. With this, new contracts are in force with all major unions. That removes the risk of strikes or work stoppages that could ground flights and hurt revenue, giving the company a stable cost base to plan around.

    Labor stability removes a major operational and financial risk that had hung over the stock.

  • Aeroplan loyalty program gets stronger with new partners and card perks Aeroplan partnered with World of Hyatt, letting members earn and redeem points across 1,500 hotels, and Chase refreshed its Aeroplan card with automatic 25K status, 5X points on Air Canada purchases, and 15% redemption savings. A more valuable loyalty program attracts more members and credit-card sign-ups, which brings in high-margin revenue and encourages repeat bookings.

    Loyalty is a key profit engine for airlines, and these moves deepen customer lock-in and fee income.

  • Air Canada invests in sustainable fuel and electric regional aircraft Air Canada and Airbus committed about C$13.7 million to develop Canadian sustainable aviation fuel, and Air Canada has ordered 30 electric-hybrid ES-30 aircraft from Heart Aerospace, whose technology just passed a key flight test. These bets aim to cut future fuel costs and emissions, though the electric planes are not expected to fly commercially until the 2030s.

    These investments address long-term fuel cost and environmental pressure, a structural driver for airlines.

ANA Holdings Inc. (9202.JP)

Q3 2026
▼2▲1

ANA's profit squeezed by fuel costs; schedule pact and safety probe shape outlook

  • Fuel costs crush quarterly profit despite record revenue ANA's April–June revenue hit a record 672.7 billion yen, up 22.6%, but operating profit fell 43.5% to 20.7 billion yen as fuel costs and taxes jumped 86.9 billion yen. The full-year forecast and a dividend cut to 60 yen were kept unchanged, so the profit squeeze is the main drag on the shares.

    This is the period's core earnings event and the biggest force pushing 9202.JP down.

  • Fuel surcharges falling as jet fuel prices ease ANA and JAL will cut international fuel surcharges to about 50,000–55,000 yen for September–October tickets, down from a record 65,000 yen, because jet fuel prices have fallen. Lower surcharges trim revenue per ticket, but cheaper fuel eases the cost pressure that crushed profits, so the net effect is mixed.

    It shows the fuel-cost swing working in both directions on ANA's revenue and margins.

  • First-ever schedule coordination with JAL on domestic routes ANA and rival JAL will coordinate Haneda–Okayama departure times from late October, avoiding overlaps to lift load factors on money-losing domestic routes. Regulators signalled this does not break antitrust rules, opening the door to similar cooperation elsewhere and improving domestic profitability.

    It is a new structural change that could improve ANA's weakest business, domestic routes.

  • Naha emergency evacuation classified a serious incident An ANA Boeing 737-800 turned back to Naha with engine trouble and passengers evacuated by slide; three people had minor injuries. Regulators classified it a serious incident and are investigating. Such events can bring scrutiny, repair costs and reputational risk, weighing on sentiment even if operations continue normally.

    It is the period's newest safety event and a fresh risk to ANA's reputation and regulatory standing.

August 2026
▼2▲1

ANA's profit squeezed by fuel costs; schedule pact and safety probe shape outlook

  • Fuel costs crush quarterly profit despite record revenue ANA's April–June revenue hit a record 672.7 billion yen, up 22.6%, but operating profit fell 43.5% to 20.7 billion yen as fuel costs and taxes jumped 86.9 billion yen. The full-year forecast and a dividend cut to 60 yen were kept unchanged, so the profit squeeze is the main drag on the shares.

    This is the period's core earnings event and the biggest force pushing 9202.JP down.

  • Fuel surcharges falling as jet fuel prices ease ANA and JAL will cut international fuel surcharges to about 50,000–55,000 yen for September–October tickets, down from a record 65,000 yen, because jet fuel prices have fallen. Lower surcharges trim revenue per ticket, but cheaper fuel eases the cost pressure that crushed profits, so the net effect is mixed.

    It shows the fuel-cost swing working in both directions on ANA's revenue and margins.

  • First-ever schedule coordination with JAL on domestic routes ANA and rival JAL will coordinate Haneda–Okayama departure times from late October, avoiding overlaps to lift load factors on money-losing domestic routes. Regulators signalled this does not break antitrust rules, opening the door to similar cooperation elsewhere and improving domestic profitability.

    It is a new structural change that could improve ANA's weakest business, domestic routes.

  • Naha emergency evacuation classified a serious incident An ANA Boeing 737-800 turned back to Naha with engine trouble and passengers evacuated by slide; three people had minor injuries. Regulators classified it a serious incident and are investigating. Such events can bring scrutiny, repair costs and reputational risk, weighing on sentiment even if operations continue normally.

    It is the period's newest safety event and a fresh risk to ANA's reputation and regulatory standing.

Latest
▼2▲1

ANA's profit squeezed by fuel costs; schedule pact and safety probe shape outlook

  • Fuel costs crush quarterly profit despite record revenue ANA's April–June revenue hit a record 672.7 billion yen, up 22.6%, but operating profit fell 43.5% to 20.7 billion yen as fuel costs and taxes jumped 86.9 billion yen. The full-year forecast and a dividend cut to 60 yen were kept unchanged, so the profit squeeze is the main drag on the shares.

    This is the period's core earnings event and the biggest force pushing 9202.JP down.

  • Fuel surcharges falling as jet fuel prices ease ANA and JAL will cut international fuel surcharges to about 50,000–55,000 yen for September–October tickets, down from a record 65,000 yen, because jet fuel prices have fallen. Lower surcharges trim revenue per ticket, but cheaper fuel eases the cost pressure that crushed profits, so the net effect is mixed.

    It shows the fuel-cost swing working in both directions on ANA's revenue and margins.

  • First-ever schedule coordination with JAL on domestic routes ANA and rival JAL will coordinate Haneda–Okayama departure times from late October, avoiding overlaps to lift load factors on money-losing domestic routes. Regulators signalled this does not break antitrust rules, opening the door to similar cooperation elsewhere and improving domestic profitability.

    It is a new structural change that could improve ANA's weakest business, domestic routes.

  • Naha emergency evacuation classified a serious incident An ANA Boeing 737-800 turned back to Naha with engine trouble and passengers evacuated by slide; three people had minor injuries. Regulators classified it a serious incident and are investigating. Such events can bring scrutiny, repair costs and reputational risk, weighing on sentiment even if operations continue normally.

    It is the period's newest safety event and a fresh risk to ANA's reputation and regulatory standing.