Air Canada (LTS:0SE9) Interest Expense : C$-900 Mil (TTM As of Mar. 2024)

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What is Air Canada Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air Canada's interest expense for the three months ended in Mar. 2024 was C$ -210 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-900 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Air Canada's Operating Income for the three months ended in Mar. 2024 was C$ 11 Mil. Air Canada's Interest Expense for the three months ended in Mar. 2024 was C$ -210 Mil. Air Canada's Interest Coverage for the quarter that ended in Mar. 2024 was 0.05. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Air Canada Interest Expense Historical Data

The historical data trend for Air Canada's Interest Expense 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.

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Air Canada Interest Expense Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-480.00

-631.00

-740.00

-896.00

-930.00

Air Canada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-240.00	-235.00	-238.00	-217.00	-210.00

Air Canada Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-900 Mil.

Air Canada (LTS:0SE9) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Air Canada's Interest Expense for the three months ended in Mar. 2024 was C$-210 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$11,248 Mil.

Air Canada's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11	/	-210
	=	0.05

The higher the ratio, the stronger the company's financial strength is.

Air Canada (LTS:0SE9) Business Description

Industry

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Traded in Other Exchanges

ACDVF:USA ADH2:Germany AC:Canada ADH2:Bulgaria

Address

7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, QC, CAN, H4S 1Z3

Website

https://www.aircanada.com

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2022, the company generated CAD 16.6 billion in total revenue, down from CAD 19 billion in 2019 as the airline is still recovering from the pandemic and related travel restrictions.

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