Air Canada stock: Canaccord cuts target from CAD 29 to CAD 25

Published on 10/22/2026 at 19:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached CAD 6.30 billion, up 11.00 percent year over year. Air Canada stock costs EUR 14.08 on October 22, 2026 in after-hours trading.

Analyst target cut

Canaccord lowered its Air Canada target from CAD 29.00 to CAD 25.00 on October 21, 2026.
Second-quarter revenue reached CAD 6.30 billion, up 11.00 percent year over year.
Air Canada stock costs EUR 14.08 at Lang & Schwarz on October 22, 2026 at 7:10 p.m. CEST.

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Canaccord analyst Mark Neville upgraded Air Canada from Hold to Buy and cut the price target from CAD 29.00 to CAD 25.00 on October 21, 2026, according to Markets Insider. Air Canada stock was trading at EUR 14.08 at Lang & Schwarz on October 22, 2026 at 7:10 p.m. CEST.

Target cut meets stronger traffic

The new target remains CAD 12.93 percent above Air Canada's TSX price of CAD 22.14 at 1:19 p.m. ET on October 22, 2026. Canaccord said higher oil prices, the Middle East conflict, rising interest rates and consumer concerns were already reflected in the shares.

Air Canada's second-quarter operating revenue reached CAD 6.30 billion, up 11.00 percent from a year earlier. The airline reported a CAD 215.00 million operating loss and a CAD 178.00 million net loss for the quarter, while adjusted earnings before interest, taxes, depreciation, amortization and impairment reached CAD 719.00 million, according to ctcnews.ca.

Stock position and valuation

On the TSX, Air Canada traded between CAD 21.60 and CAD 22.30 during the October 22, 2026 session, with 1,120,096 shares changing hands. Its 52-week range was CAD 16.45 to CAD 31.45, while its market capitalization stood at CAD 5.6 billion and its price-to-earnings ratio was 15.57.

Comparison with peers

Air Canada (TSX, CAD): up 0.29 percent, price-to-earnings ratio 15.57, market capitalization CAD 5.6 billion.

Delta Air Lines (NYSE, USD): up 1.24 percent, price-to-earnings ratio 15.68, market capitalization USD 51.7 billion.

United Airlines Holdings (Nasdaq, USD): up 0.48 percent, price-to-earnings ratio 9.35, market capitalization USD 33.2 billion.

Next results date

Air Canada's third-quarter results are scheduled for November 4, 2026, according to Cantech Letter. The same report said National Bank Financial cut its target from CAD 40.00 to CAD 37.00 and reduced its third-quarter adjusted EBITDA estimate from CAD 810.00 million to CAD 750.00 million.

Air Canada faces a narrower valuation case

Canaccord's CAD 25.00 target is lower than its former CAD 29.00 level, even as the firm moved its rating to Buy. The next results will test whether fare increases can offset higher fuel costs and protect the airline's adjusted earnings outlook.

The further course of trading is shown by the continuously updated real-time quote of Air Canada stock.