Air Canada (FRA:ADH) Tax Rate % : -24.62% (As of Mar. 2024)

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What is Air Canada Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Air Canada's Tax Expense for the three months ended in Mar. 2024 was €11 Mil. Air Canada's Pre-Tax Income for the three months ended in Mar. 2024 was €-44 Mil. Therefore, Air Canada's Tax Rate % for the quarter that ended in Mar. 2024 was -24.62%.

Air Canada Tax Rate % Historical Data

The historical data trend for Air Canada's Tax Rate % 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 Tax Rate % Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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16.85

4.24

9.52

-11.55

-2.89

Air Canada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															117.39	-5.28	5.09	-50.82	-24.62

Air Canada Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Air Canada's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	-43.745	/	1511.929
	=	-2.89 %

Air Canada's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	10.875	/	-44.178
	=	-24.62 %

Air Canada Tax Rate % Related Terms

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Air Canada (FRA:ADH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Canada (FRA:ADH) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

ACDVF:USA ADH2:Germany AC:Canada

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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