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As part of its broader sustainability strategy, Air Canada aims to reduce carbon emissions by deploying these new fuel-efficient airplanes. The 787 Dreamliner, which improves efficiency by up to 25% compared to previous generation jets, aligns with the carrier’s ambitious environmental goals for the upcoming decades. According to InvestingPro, Air Canada is a prominent player in the Passenger Airlines industry with consistently increasing earnings per share and an expected growth in net income this year.
President and CEO of Air Canada, Michael Rousseau, stated that investing in passenger experience is a core priority for the company. He added that customers enjoy flying on the Dreamliner and will appreciate a larger version of this popular aircraft that will premiere a new interior cabin design. “The 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions,” said Rousseau.
Stan Deal, president and CEO of Boeing Commercial Airplanes, commented that Air Canada will soon operate one of the most modern, efficient widebody fleets in the world with the addition of the 787-10 model. This will provide Air Canada with greater flexibility across its expansive network. Boeing, as per InvestingPro, is a prominent player in the Aerospace & Defense industry, with a revenue growth that has been accelerating and a fair value of $167.01.
Air Canada currently operates a fleet of 38 Dreamliners, including eight 787-8 and 30 787-9 jets. The largest model in the family, the 787-10, can carry up to 336 passengers over a range of 6,330 nautical miles (11,730 km).
In addition to the Dreamliners, Air Canada continues to take delivery of new Airbus A220 aircraft and has plans to acquire 28 extra-long range (XLR) versions of the Airbus A321neo aircraft, also beginning in 2025. The company has also finalized a purchase agreement for 30 ES-30 electric-hybrid aircraft under development by Heart Aerospace, expected to enter service in 2028.
The selection of the 787 Dreamliner family will support economic growth and jobs across the Canadian aviation industry. Boeing contributes approximately CAD 4 billion in economic benefit to Canada annually, supporting over 14,000 direct and indirect jobs.
Since its revenue service began in 2011, the 787 family has opened more than 370 new nonstop routes around the world and received over 1,760 orders from 87 customers – including over 870 repeat orders from 56 repeat customers. Over the last year alone, the 787 has received more than 295 orders and commitments. On the other hand, InvestingPro data shows that Air Canada’s stock has fared poorly over the last month, but the company is expected to be profitable this year.
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