Air Canada Stock

Air Canada, through its wholly owned subsidiaries, provides domestic U.S. transborder, and international airline and scheduled passenger services.

The company’s subsidiaries include Touram Limited Partnership doing business under the brand name Air Canada Vacations (Air Canada Vacations); Air Canada Rouge LP doing business under the brand name Air Canada Rouge (Air Canada Rouge); and Aeroplan Inc. (Aeroplan).

Air Canada Vacations

Air Canada Vacations, a leading Canadian tour operator, develops, markets, and distributes vacation travel packages, operating in the outbound leisure travel market (the Caribbean, Mexico, the U.S., Europe, Central and South America, South Pacific, Australia and Asia); and the inbound leisure travel market to destinations within Canada, as well as offers cruise packages in North America, Europe, and the Caribbean.

Air Canada Rouge

Air Canada Rouge operates as the company’s leisure carrier.

Aeroplan

The company’s Aeroplan program is Canada’s premier travel loyalty program. The Aeroplan program allows individuals to enroll as members and accumulate Aeroplan Points through travel on the company and select partners, as well as through the purchase of products and services from participating partners and suppliers. Members can redeem Aeroplan Points for a variety of travel, merchandise, gift card, and other rewards provided directly by participating partners, or made available through Aeroplan’s suppliers. Aeroplan Elite Status recognizes the company’s frequent flyers, as well as Aeroplan’s most engaged members, with a range of priority travel services and membership benefits.

Air Canada Cargo

Air Canada Cargo, a global cargo service provider, offers cargo services through scheduled flights and via chartered and specialized flights. In addition to the transportation of freight on the company's aircraft, operates scheduled passenger services. In 2020, Air Canada Cargo started transporting freight on cargo-only flights using the company's mainline wide-body aircraft, as well as four converted Boeing 777 and three converted Airbus 330 aircraft, where it has increased available cargo space by removing seats from the passenger cabin.

The company is also involved in the sale of the ground portion of vacation packages; and the provision of ground handling, on-board sales, lounge pass sales, and loyalty program marketing services.

The company provides its services in the Canadian market and the Canada-U.S. transborder market, as well as the international market to and from Canada. Certain of the scheduled passenger services offer on domestic and Canada-U.S. transborder routes are operated under the brand name Air Canada Express and operated by third parties, such as Jazz Aviation LP (Jazz) and Sky Regional Airlines Inc. (Sky Regional) through capacity purchase agreements (CPA). Through the company’s global route network, virtually every major market throughout the world is served either directly or through the Star Alliance network. The company also offers air cargo services on domestic and the U.S. transborder routes, as well as on international routes between Canada and major markets in Europe, Asia, South America, and Australia.

In 2020, the company, together with Jazz, Sky Regional, and other regional airlines, operating flights on behalf of the company under CPAs, operated, on average, 544 daily scheduled flights to 192 direct destinations on six continents, comprising 61 Canadian destinations, 50 destinations in the United States and a total of 81 international destinations (though operations to many destinations were suspended or did not operate continually as they otherwise would throughout the year as a result of the COVID-19 (coronavirus) pandemic).

As of December 31, 2020, the company’s mainline had an operating fleet of 169 aircraft, including 91 Boeing and Airbus narrow-body aircraft (comprising 24 Boeing 737 MAX aircraft, which were grounded in 2020 and some of which resumed commercial flying on February 1, 2021) and 78 Boeing and Airbus wide-body aircraft; Air Canada Rouge had an operating fleet of 39 aircraft, comprising 14 Airbus A321 aircraft, five Airbus A320 aircraft, and 20 Airbus A319 aircraft; and the Air Canada Express fleet was comprised 49 Bombardier regional jets, 62 De Havilland Dash-8 turboprop aircraft, and 25 Embraer 175 aircraft for a total of 136 aircraft.

The company is a founding member of the Star Alliance network. Through the 26-member airline network, the company offers its customers access to a vast global network, as well as reciprocal participation in frequent flyer programs and the use of airport lounges and other common airport facilities.

History

Air Canada was founded in 1937.