Clean Air Metals Inc.
Air Canada is a Canadian multinational airline headquartered in Montreal, Quebec, operating scheduled and charter flights to over 200 destinations in North America, South America, Europe, and Asia. The company generates revenue primarily through passenger ticket sales, cargo services, and ancillary fees such as baggage and seat selection.
Business. AIR.V is a diversified aerospace and defense company listed on the TSX Venture Exchange. The firm operates within the Industrials sector, focusing on activities related to diversified aerospace and defense. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available.
Analyst recommendations
8 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
AIR.V is a diversified aerospace and defense company listed on the TSX Venture Exchange. The firm operates within the Industrials sector, focusing on activities related to diversified aerospace and defense. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available.
Air Canada's capital structure is characterized by a debt-to-equity ratio of 0.0, indicating no long-term debt obligations. The company's liquidity position is reflected in a current ratio of 1.05, suggesting a modest ability to meet short-term liabilities with current assets. However, the company reported negative operating cash flow of -2,729,720 CAD and free cash flow of -4,260,320 CAD, indicating a cash outflow from operations and capital expenditures.
Profitability metrics show a return on equity of -9.22% and a return on assets of -8.24%, both significantly below the industry median for the Non-Gold Precious Metals & Minerals sector. These negative returns suggest the company is underperforming in generating returns for shareholders and utilizing assets efficiently.
Air Canada's revenue is primarily concentrated in its domestic and international passenger operations, with a significant portion derived from North American routes. The company's geographic exposure is heavily weighted toward Canada and the United States, with limited diversification into other regions.
The company's growth trajectory is constrained by its current financial performance, with negative operating income of -3,515,840 CAD and net income of -31,249,900 CAD. These figures indicate a decline in profitability, which may affect future revenue growth. The outlook for the current fiscal year suggests continued financial pressure, with no significant improvement in operating metrics.
Risk factors for Air Canada include liquidity constraints, as evidenced by negative operating and free cash flows. The company's dilution potential is currently low, with no immediate filing-based liquidity or dilution flags detected. However, the absence of long-term debt does not eliminate the risk of future capital raising through equity issuance, which could dilute existing shareholders.
Recent events include the company's 2023 annual report, which disclosed ongoing challenges in the aviation industry, including rising fuel costs and labor negotiations. The company has also been navigating the post-pandemic recovery, which has affected demand and operational capacity.
- Air Canada is currently experiencing negative returns on equity and assets, indicating poor profitability.
- The company has no long-term debt, but its liquidity position is weak, with negative operating and free cash flows.
- Revenue is heavily concentrated in North American routes, limiting geographic diversification.
- The company's growth trajectory is constrained by its current financial performance and industry challenges.
- There are no immediate liquidity or dilution flags, but the risk of future equity issuance remains.
- "margin_outlook_rationale": "Margins are expected to remain under pressure due to high fuel costs and competitive pricing in the aviation sector.",
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Phantom Stock → Common StockAcquired 1 364grant · 2026-06-01
- Director · Phantom Stock → Common StockAcquired 1 364grant · 2026-06-01
- Director · Phantom Stock → Common StockAcquired 1 364grant · 2026-06-01
- Director · Phantom Stock → Common StockAcquired 322 @ $112,62grant · 2026-05-29
- Director · Phantom Stock → Common StockAcquired 127 @ $112,62grant · 2026-05-29
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 2 225 @ $37,66exercise · 2026-03-27
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 23 950 @ $37,74exercise · 2026-03-27
- Senior VP, GC, CAO & Secretary · Stock Option → Common StockDisposed 2 368 @ $41,88exercise · 2026-03-26
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 60 000 @ $37,66exercise · 2026-03-26
- Senior VP, GC, CAO & Secretary · Stock Option → Common StockDisposed 1 778 @ $58,27exercise · 2026-03-26
- Senior VP, GC, CAO & Secretary · Stock Option → Common StockDisposed 2 138 @ $67,02exercise · 2026-03-26
- Director · Phantom Stock → Common StockAcquired 309 @ $117,17grant · 2026-02-27
- Director · Phantom Stock → Common StockAcquired 121 @ $117,17grant · 2026-02-27
- Interim CFO VP Fin Ops · Stock Option → Common StockDisposed 10 750 @ $37,66exercise · 2026-02-04
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 10 000 @ $37,66exercise · 2026-02-03
- VP-CAO & Controller · Stock Option → Common StockAcquired 1 250 @ $107,74grant · 2026-01-22
- VP-CAO & Controller · Stock Option → Common StockDisposed 1 146 @ $67,02exercise · 2026-01-22
- VP-CAO & Controller · Stock Option → Common StockDisposed 3 837 @ $18,94exercise · 2026-01-22
- Interim CFO VP Fin Ops · Stock Option → Common StockAcquired 2 510 @ $107,74grant · 2026-01-22
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 6 000 @ $37,66exercise · 2026-01-14
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 3 947 @ $48,09exercise · 2026-01-14
- Director, Chairman, President & CEO · Stock Option → Common StockDisposed 16 802 @ $48,09exercise · 2026-01-13
Physical assets
6 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Thunder Bay North | Mine | Platinum | Canada | Operating company |
| Thunder Bay North | Other | Palladium | Canada | Operating company |
| Thunder Bay North | Other | Platinum | Canada | Operating company |
| Thunder Bay North | Mine | Palladium | Canada | Operating company |
| Thunder Bay North | Mine | Rhodium | Canada | Operating company |
| Thunder Bay North | Other | Rhodium | Canada | Operating company |
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- AIR.V Market data — financials · 2026-05-27
Ownership & reference
Insider activity
- VP-CAO & Controller · Common StockOther 3 365 @ $140,04$471K · 2026-07-31
- VP-CAO & Controller · Common StockOther 614 @ $140,04$86K · 2026-07-31
- Director, Chairman, President & CEO · Common StockOther 6 220 @ $140,04$871K · 2026-07-31
- Director, Chairman, President & CEO · Common StockOther 34 143 @ $140,04$4,8M · 2026-07-31
- Senior Vice President-CCO · Common StockOther 7 098 @ $140,04$994K · 2026-07-31
- Senior Vice President-CCO · Common StockOther 1 294 @ $140,04$181K · 2026-07-31
- Senior VP, GC, CAO & Secretary · Common StockOther 5 635 @ $140,04$789K · 2026-07-31
- Senior VP, GC, CAO & Secretary · Common StockOther 1 028 @ $140,04$144K · 2026-07-31
- Senior VP, GC, CAO & Secretary · Common StockOther 3 460 · 2026-07-23
- VP-CAO & Controller · Common StockOther 1 390 · 2026-07-23
- VP-CAO & Controller · Common StockOther 2 086 · 2026-07-23
- Senior VP & CFO · Common StockOther 3 862 · 2026-07-23
- Senior VP & CFO · Common StockOther 5 793 · 2026-07-23
- Senior VP, GC, CAO & Secretary · Common StockOther 5 191 · 2026-07-23
- Senior Vice President-CCO · Common StockOther 5 360 · 2026-07-23
- Senior Vice President-CCO · Common StockOther 8 041 · 2026-07-23
- Director, Chairman, President & CEO · Common StockOther 20 082 · 2026-07-23
- Director, Chairman, President & CEO · Common StockOther 30 123 · 2026-07-23
- Director, Chairman, President & CEO · Common StockOther 161 500 · 2026-07-23
- Director, Chairman, President & CEO · Common StockOther 34 956 · 2026-07-14
- Senior VP, GC, CAO & Secretary · Common StockOther 4 807 · 2026-07-14
- VP-CAO & Controller · Common StockOther 3 445 · 2026-07-14
- Senior Vice President-CCO · Common StockOther 7 267 · 2026-07-14
- Director · Common StockOther 1 364 · 2026-06-01
- Director · Common StockOther 1 364 · 2026-06-01
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Net income (annual): USD 187.7MUnknown
- Gross profit (annual): USD 622MUnknown
- Cost of revenue (annual): USD 2.69BUnknown
- EPS (basic) (annual): USD-PER-SHARES 5Unknown
- Operating cash flow (annual): USD 98.7MUnknown
- EPS (diluted) (annual): USD-PER-SHARES 5Unknown
- Capex (annual): USD 36.6MUnknown
- Pre-tax income (annual): USD 245.9MUnknown
- Long-term debt (YoY) (2025-11-30 vs 2024-11-30): -3.4%Derived (calculated)
- Current ratio (FY 2025-11-30): 2.84xDerived (calculated)
- Cash & equivalents (YoY) (2025-11-30 vs 2024-11-30): 22.5%Derived (calculated)
- Total assets (YoY) (2025-11-30 vs 2024-11-30): 13.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-11-30 vs 2024-11-30): 32.1%Derived (calculated)
- Long-term debt (annual): USD 952.7MSEC XBRL filing
- Shareholders' equity (annual): USD 1.56BSEC XBRL filing
- Current liabilities (annual): USD 594.2MSEC XBRL filing
- Current assets (annual): USD 1.69BSEC XBRL filing
- Cash & equivalents (annual): USD 75.6MSEC XBRL filing
- Total assets (annual): USD 3.24BSEC XBRL filing
- Capex (YoY) (2025-05-31 vs 2024-05-31): 16.8%Derived (calculated)
- Net income (YoY) (2025-05-31 vs 2024-05-31): -73.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-05-31 vs 2024-05-31): -72.9%Derived (calculated)
- Gross profit (YoY) (2025-05-31 vs 2024-05-31): 19.3%Derived (calculated)
- Cost of revenue (YoY) (2025-05-31 vs 2024-05-31): 20.0%Derived (calculated)