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.

Air Canada has secured the ratification of two new tentative agreements covering 285 employees in its Finance and Clerical departments. The contracts, which cover 170 Finance personnel and 115 Clerical staff, were approved by members of the International Association of Machinists and Aerospace Workers (IAMAW). These agreements were part of three separate tentative deals reached on June 12, 2026.

The IAMAW represents more than 11,000 employees at Air Canada across Maintenance, Airport Airside Operations, Cabin Services, Cargo, and the newly ratified Finance and Clerical groups. While the contracts for Finance and Clerical staff have been ratified, the union is currently progressing with the ratification process for the third tentative agreement. This third contract covers the balance of the workforce, approximately 11,000 employees in Maintenance, Airport Airside Operations, Cargo, and Cabin Services.

The ratification of these contracts formalizes the terms of employment for the specified groups. The agreements were reached following negotiations between Air Canada management and the IAMAW. The airline continues to operate while the ratification process for the remaining employee group concludes.

Air Canada is Canada's largest airline and the country's flag carrier. Headquartered in Montréal, the airline provides scheduled service to more than 180 airports across six continents. The company's shares are publicly traded on the TSX under the symbol AC.