Air Canada Suspends 2019 Forecast on Boeing 737 Max Grounding

(Bloomberg) -- Air Canada says it is suspending all 2019 financial guidance in light of the current uncertainty due to Boeing 737 Max grounding.

  • Earlier, Air Canada said given the magnitude of its 737 MAX operations, which on average carry nine to twelve thousand customers per day, delays are expected in re-booking and in reaching call centers
  • Air Canada continues to adapt a contingency plan to address the evolving situation
  • 2020 and 2021 annual Ebitda margin and annual return on invested capital forecast remain in place
  • Guidance for cumulative free cash flow over the 2019-2021 period also remains in place

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