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18.20000 CAD
0.34
1.90%
Last update Apr 6, 3:59 PM EDT
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18.36000
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Air Canada
18.20
0.34
1.90%

Overview

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Description

Air Canada is a major airline and the largest carrier in Canada, providing scheduled passenger flights and cargo services domestically and to international destinations. Primarily functioning as a provider of air transportation, Air Canada offers a wide array of travel options globally from its hubs in Toronto, Montreal, and Vancouver. The airline also operates flights under its regional companion, Air Canada Express, enhancing connectivity across Canada. Air Canada plays a critical role in Canada's transportation infrastructure by connecting the country with key destinations in North America, Europe, Asia, and other parts of the world. Notably, its extensive route network and diverse fleet contribute to facilitating international trade and tourism. As a member of the Star Alliance, Air Canada partners with other world-leading airlines to expand travel options and offer seamless connections to its customers. The airline also focuses on sustainability and passenger experience, evident in its investments in fuel-efficient aircraft and enhancement of in-flight services.

About

CEO
Mr. Michael Stewart Rousseau CPA
Employees
37200
Address
7373 COte-Vertu Boulevard West
Saint-Laurent, H4Y1H4, QC
Canada
Phone
Website
Instrument type
Common stock
Sector
Industrials
Industry
Airlines
Country
Canada
MIC code
XTSE
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Latest press releases

Mar 25, 2025
Arca Continental boosts investments to drive growth in 2025
  • The company held its Annual Shareholders' Meeting, where it presented its 2024 results.
  • Arca Continental announced an investment of approximately Ps. 18 billion to strengthen production and distribution capabilities, drive growth, accelerate its digital transformation, and continue having a positive impact on the communities it serves.

MONTERREY, Mexico, March 25, 2025 /PRNewswire/ -- During its Annual Shareholders' Meeting, Arca Continental (BMV: AC), one of the largest Coca-Cola bottlers in the world, announced that it will invest more than approximately Ps. 18 billion across its operations in 2025.

The company explained that these investments will focus on expanding production and distribution capacity, accelerating the use of digital tools, introducing new beverage categories, and strengthening its sustainable business model and the creation of shared value in the communities it serves.

During the meeting, Jorge H. Santos Reyna, Chairman of the Board, and Arturo Gutiérrez Hernández, Chief Executive Officer, presented Arca Continental's consolidated results for 2024.

The year marked a period of strong performance, including the company's highest consolidated margin in the past eight years, record volume in Mexico, and historic margin levels for its U.S. operations. Consolidated volume surpassed 2,466 million unit cases (MUCs), while Net Sales reached Ps. 237,004 million, an increase of 10.9% compared to the previous year. Net Income exceeded Ps. 19,563 million, reflecting an 11.8% increase and a net margin of 8.3%.

In his remarks, Jorge H. Santos Reyna reaffirmed the company's long-term vision to strengthen its leadership across markets, guided by integrity and a commitment to having a positive impact on all those that interact with the company.

"Driven by our strategy for sustainable and profitable growth, we continue to deliver consistent shared value in every market we serve. This long-term vision is made possible by the dedication of our associates and our unwavering commitment to operating with the ethical principles that have defined us since our inception," said Santos.

Arturo Gutiérrez highlighted that the record-breaking results in 2024 reflect Arca Continental's ongoing drive to evolve and grow its business.

"Every milestone—from achieving our highest consolidated margin in eight years to being included in the world's leading sustainability indices—demonstrates our determination to evolve in all aspects of our company. We will continue our digital transformation and maintain the operational excellence that defines us, with a firm commitment to making a positive difference in every market we serve," stated Gutiérrez.

The meeting also showcased Arca Continental's continued progress in sustainability. In 2024, the company became the first Mexico-based organization to be included in the Dow Jones Sustainability World Index, which recognizes the top 300 companies in this field worldwide. It was also included for the third consecutive year in the S&P Global Sustainability Yearbook, which features the leading companies in corporate sustainability within their respective industries, among other achievements highlighted during the meeting.

Learn more about the company's results and progress in the 2024 Integrated Annual Report.

About Arca Continental

Arca Continental is a company engaged in the production, distribution and sale of beverages under the brands owned by The Coca-Cola Company, as well as salty snacks under the brands Bokados in Mexico, Inalecsa in Ecuador, and Wise in the United States. With an outstanding track record of more than 99 years, Arca Continental is the second largest Coca-Cola bottler in the Americas and one of the most important in the world. Through its Coca-Cola franchise, the company serves a population of more than 128 million in the northern and western regions of Mexico, as well as in Ecuador, Peru, the northern region of Argentina and the southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the symbol "AC".

Arca Continental serves as the local Coca-Cola bottler for Texas and parts of Oklahoma, New Mexico and Arkansas in the U.S. through its Coca-Cola Southwest Beverages (AC-CCSWB) business unit.

For more information about Arca Continental, please visit https://www.arcacontal.com/en.aspx

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arca-continental-boosts-investments-to-drive-growth-in-2025-302411172.html

SOURCE Arca Continental

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