Air Canada reaches tentative agreement with IAMAW covering 11,000 employees

1 min read | Published on 13 Jul 2026, 05:53 PM |Updated on 13 Jul 2026, 05:53 PM

Reviewed by

Anirudha BScanX News Team

Key Highlights

Air Canada has reached a tentative four-year collective agreement with the IAMAW, covering 11,000 employees in Technical Operations, Maintenance and Operational Support. The agreement is effective from April 1, 2026, to March 31, 2030, pending ratification by union members. This marks the sixth collective agreement concluded by the airline this year.

*this image is generated using AI for illustrative purposes only.

Air Canada has reached a new tentative collective agreement with the International Association of Machinists and Aerospace Workers (IAMAW) representing 11,000 employees in its Technical Operations, Maintenance and Operational Support (TMOS) group. The agreement covers employees in Technical Operations, Airports, Cargo, Logistics and Supply. This development is significant as it addresses the terms for a substantial portion of the airline's workforce, ensuring stability in operations critical to the carrier's logistics and maintenance functions.

The four-year collective agreement is scheduled to take effect from April 1, 2026, and will remain in place until March 31, 2030. The agreement recognizes the contributions and skills of Air Canada’s employees. If ratified, this would represent the sixth collective agreement concluded at Air Canada this year.

The tentative agreement is subject to ratification by the union membership, which is expected to be completed over the coming days. Air Canada is Canada's largest airline and the country’s flag carrier, providing scheduled service to more than 180 airports on six continents.

Agreement Details
Union	International Association of Machinists and Aerospace Workers (IAMAW)
Employees Covered	11,000
Duration	April 1, 2026 to March 31, 2030
Status	Tentative, pending ratification

How will the wage and benefit terms in this new agreement compare to recent settlements in the North American aviation industry?

What impact will this labor stability have on Air Canada's operational efficiency and on-time performance metrics?

Could this tentative agreement set a precedent for upcoming negotiations with other major airline unions in Canada?

UBS maintains Neutral on Air Canada, raises target to C$24

0 min read | Published on 23 Jun 2026, 09:01 PM |Updated on 23 Jun 2026, 09:01 PM

Reviewed by

Radhika SScanX News Team

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Key Highlights

UBS analyst Atul Maheswari maintains a Neutral rating on Air Canada and raises the price target to C$24 from C$21, indicating a revised valuation outlook.

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UBS analyst Atul Maheswari has maintained a Neutral rating on Air Canada and raised the price target to C$24 from C$21. The adjustment reflects a revised outlook on the stock's valuation potential despite the unchanged stance on its overall performance.

Rating and Price Target Details

The brokerage firm continues to advise a hold position on the airline. The new price target of C$24 represents an increase over the previous target of C$21, suggesting a revised upside potential based on the firm's analysis.