Air Canada raises core profit forecast on robust international demand

An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International Airport over a parked Air Canada Boeing 737 MAX 8 aircraft in Toronto · Reuters

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(Reuters) - Air Canada raised its annual core profit forecast on Friday, as the country's largest carrier benefits from strong demand for international travel and a rebound in business bookings.

The carrier now expects its 2024 adjusted earnings before interest, taxes, depreciation and amortization of about C$3.5 billion ($2.51 billion), compared with its previous forecast of C$3.1 billion to C$3.4 billion.

($1 = 1.3929 Canadian dollars)

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar)