Statistics Canada released its latest quarterly financial statistics for Canadian air carriers, covering the second through fourth quarters of 2024 and the first quarter of 2025. Operating revenue rose from $8.61 billion in Q2 2024 to $9.65 billion in Q3 2024 before falling to $8.69 billion in Q4 2024. Total scheduled‑service revenue was $7.78 billion in Q2 2024, peaked at $8.75 billion in Q3 2024, and declined to $7.63 billion in Q4 2024. Charter‑service revenue increased from $334 million in Q2 2024 to $422 million in Q4 2024. Operating expenses climbed from $8.16 billion in Q2 2024 to $8.67 billion in Q4 2024. Net income was $273 million in Q2 2024, turned a loss of $1.13 billion in Q4 2024, and reached $298 million in Q2 2025. Average staff numbers hovered around 71,000 employees during the period.
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