Air Canada ratifies new collective agreement with IAMAW

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Key Highlights

Air Canada has ratified a new four-year collective agreement with the IAMAW, covering 11,000 employees in its Technical Operations, Maintenance and Operational Support group. The agreement, effective from April 1, 2026, to March 31, 2030, marks the sixth collective agreement ratified by the airline this year. This concludes negotiations with all major unions, positioning Air Canada to advance its strategic plans.

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Air Canada has ratified a new four-year collective agreement with the International Association of Machinists and Aerospace Workers (IAMAW), covering 11,000 employees in its Technical Operations, Maintenance and Operational Support (TMOS) group. The agreement is effective from April 1, 2026, to March 31, 2030, and includes employees in Technical Operations, Airports and Cargo, Logistics and Supply, and Cabin Services. This ratification concludes negotiations with all major unions following the expiration of previous long-term contracts.

Michael Rousseau, President and Chief Executive Officer at Air Canada, emphasized the shared objective of reaching meaningful agreements that support employees and the company's growth. He noted that the agreements position Air Canada to advance its New Frontiers strategic plans and deliver greater value to stakeholders. The IAMAW represents more than 11,000 employees across TMOS, Finance, and Clerical through three separate contracts.

Six collective agreements have been concluded at Air Canada this year. The most recent ratification by TMOS employees follows earlier agreements with 170 Finance employees (IAMAW), 115 Clerical employees (IAMAW), approximately 6,000 Customer Service employees (Unifor), 100 Flight Operations Crew Schedulers (Unifor), and 90 In-Flight Crew Schedulers (Unifor).

Key Details of the Agreement

Aspect Details
Union International Association of Machinists and Aerospace Workers (IAMAW)
Employees Covered 11,000 in TMOS group
Duration April 1, 2026 – March 31, 2030
Key Groups Technical Operations, Airports and Cargo, Logistics and Supply, Cabin Services

Air Canada is Canada's largest airline and a founding member of Star Alliance, providing scheduled service to over 180 airports on six continents. The company is publicly traded on the TSX under the symbol AC.

How will the wage increases and benefits outlined in the new IAMAW agreement impact Air Canada's operating costs and fare pricing strategies over the next four years?

With labor stability secured through 2030, to what extent will Air Canada accelerate its 'New Frontiers' strategic plans and capital investments?

How does this new contract compare to recent labor agreements at competing North American airlines in terms of cost competitiveness and productivity targets?

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Air Canada to present Q2 2026 results on August 12

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Key Highlights

Air Canada will announce its Q2 2026 results on August 12, 2026, via a conference call led by top executives. Analysts and bondholders will have the opportunity to ask questions. A webcast and replay will be accessible to the public.

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Air Canada will present its second quarter 2026 results during a conference call on August 12, 2026, at 8:00 AM ET. The call will feature Michael Rousseau, President and Chief Executive Officer; John Di Bert, Executive Vice President and Chief Financial Officer; and Mark Galardo, Executive Vice President & Chief Commercial Officer and President, Cargo. They will discuss the financial performance and answer analysts' questions.

Following the analysts' session, John Di Bert and Pierre Houle, Vice President and Treasurer, will address queries from term loan B lenders and holders of Air Canada bonds. The second quarter 2026 results will be released before the conference call begins.

Media and the public can access the call on a listen-only basis via a webcast. An online replay will be available shortly after the call concludes on the company's investor relations website.

Conference Call Details

Detail Information
Date Wednesday, August 12, 2026
Time 8:00 a.m. ET
Webcast Listen-in audio webcast
Replay Available at aircanada.com/investors

Investors can reach out to Air Canada at investors.investisseurs@aircanada.ca for further information.

What key financial metrics will investors focus on during Air Canada's Q2 2026 earnings call?

How might Air Canada's cargo division performance impact its overall profitability in 2026?

What strategic initiatives could Air Canada announce to address potential market challenges in the second half of 2026?

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