Air Canada (TSX:AC) Construction In Progress: C$0 Mil (As of Mar. 2026)


TSX:AC Air Canada TSX:AC
84 GF Score
Price C$24.51
GF Value C$24.10
Valuation Fairly Valued
! 4 Warning Signs
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What is Air Canada Construction In Progress?

Air Canada TSX:AC 84 Construction In Progress is C$0 Mil as of Mar. 2026. GuruFocus rates TSX:AC with a GF Score™ of 84/100 and a GF Value™ of C$24.10 (Fairly Valued). The stock has 4 warning signs investors should review.

Air Canada's quarterly construction in progress increased from Sep. 2025 (C$0 Mil) to Dec. 2025 (C$1,945 Mil) but then declined from Dec. 2025 (C$1,945 Mil) to Mar. 2026 (C$0 Mil).

Air Canada's annual construction in progress increased from Dec. 2023 (C$685 Mil) to Dec. 2024 (C$1,414 Mil) and increased from Dec. 2024 (C$1,414 Mil) to Dec. 2025 (C$1,945 Mil).

Air Canada Construction In Progress Historical Data

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The historical data trend for Air Canada's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Canada Construction In Progress Chart

Air Canada Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 549.00 470.00 685.00 1,414.00 1,945.00

Air Canada Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 1,945.00 0.00
TSX:AC
84GF Score
Air Canada TSX:AC
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Canada Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of C$0 Mil mean?
Air Canada (TSX:AC) has a Construction In Progress of C$0 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Air Canada and its competitors.
Is Air Canada's Construction In Progress too high?
Air Canada's current Construction In Progress is C$0 Mil. Overall, Air Canada has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Canada's Construction In Progress compare to DAL and UAL?
Air Canada's Construction In Progress of C$0 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Transportation company?
A good Construction In Progress depends on the Transportation industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Air Canada and its competitors. Air Canada's current Construction In Progress is C$0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Based on GuruFocus' analysis, Air Canada (TSX:AC) is currently considered Fairly Valued. The stock's GF Value™ is C$24.10, compared to a current price of C$24.51 — trading 1.7% above its estimated fair value. The current Construction In Progress is C$0 Mil. Air Canada's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Air Canada (TSX:AC), the current Construction In Progress is C$0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Air Canada (TSX:AC) Overvalued in 2026?

Based on GuruFocus' analysis, Air Canada stock appears to be overvalued. The current stock price of C$24.51 is trading 1.7% above its estimated GF Value™ of C$24.10. GuruFocus considers Air Canada to be Fairly Valued.

Key valuation signals for TSX:AC:

  • Construction In Progress: C$0 Mil
  • GF Value™: C$24.10 vs. price of C$24.51 (1.7% above fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the TSX:AC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Air Canada Business Description

Address 7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, Montreal, QC, CAN, H4S 1Z3
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
84GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$24.51
Price
C$24.10
GF Value