Air Canada Stock Outperforms All N.A. Peers In 2016
AC is flying into its 80th year at high altitude after outperforming every other North American airline on the stock market in 2015.
AC’s common share price soared nearly 34% over the year, more than triple the increase for the Dow Jones Airline Index, which grew by 9.64%. United Continental Holdings was the only other publicly traded carrier that came close, with a 27.19% gain. Next in line was Southwest at 15.75%.
"We had a highly satisfying year in 2016 on many fronts and at the start of this new year, in which we celebrate both Air Canada's 80th anniversary and Canada's 150th, I would like to thank our loyal customers, dedicated employees and invaluable business partners who have helped us achieve it," said President & CEO Calin Rovinescu.
According to the CEO, 2016 milestones included:
Record EBITDAR financial results during each of the 1st 3 quarters;
Increased global footprint with the launch of 28 new routes including 15 new international and 12 U.S. trans-border routes. With new service to Morocco, AC joined the club of global carriers serving all 6 continents;
Creation of 1,500 new jobs in Canada between the mainline, Rouge and Express services, with AC now employing approximately 30,000 people;
Approximately 45 million pax on AC’s network;
Being recognized by Skytrax as the only Four Star international network carrier in North America;
Being named among Canada's Top 100 Employers for a 4th year in a row;
Took delivery of 9 new Boeing 787 Dreamliners, reconfigured the entire Boeing 777 fleet with the Dreamliner cabin configuration and inflight entertainment systems and completed a milestone order for up to 75 Bombardier C Series aircraft.