Air Canada Pulls 2026 Outlook on Fuel Costs; Shares Drop

Air Canada suspended its full-year financial guidance because of the surge in jet fuel prices caused by the war in Iran.

“Since late February, the situation in the Middle East and the sharp increase in global jet fuel prices have created a significant external shock for our industry,” Chief Executive Officer Michael Rousseau told analysts Thursday. “The pace of that increase is testing demand resilience across commercial aviation.”