Episode Details

Air Canada’s Q2 earnings show strong revenue growth but are shadowed by a 49% surge in fuel costs, eating over $1.7 billion. Despite the pain, they hit adjusted earnings targets thanks to rebounding travel demand. To shore up finances and aim for investment-grade status, they’re selling 25% of Aeroplan for $2.5 billion—without changing how members earn or redeem points. CEO Michael Rousseau acknowledges record revenue, but rising fuel prices forced route cuts and a revised, lower full-year forecast. The company locked in expensive fuel deals that outpaced ticket prices, making this a tough but strategic pivot.

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