Air Canada - statistics & facts
Air Canada's financial performance
During the fiscal year of 2023, Air Canada accumulated operating expenses of around 19.6 billion Canadian dollars and revenue passenger miles that amounted to 85.8 billion. Moreover, Air Canada's passenger load factor stood at nearly 87 percent, with the number of passengers increasing to 44.8 million. These figures showed a strong rebound for the company after nearly two years of shutdown due to the coronavirus pandemic.Nevertheless, Air Canada, as well as the global aviation industry, continues to face various challenges, which introduce a considerable degree of uncertainty to the industry's overall trajectory. In particular, spiked jet fuel prices are currently one of the main concerns of the worldwide aviation industry. As of 2023, the average fuel cost of Air Canada was at the second highest price in the last ten years, amounting to 111.6 Canadian cents for each liter of fuel. Global economic uncertainties and their consequences such as the Russia-Ukraine war, contributing to rising energy and jet fuel prices.