Source: miglagoa.
  • Air Canada (TSX:AC) is expanding its presence in the European market as part of its international summer 2024 flying schedule
  • Destinations receiving additional routes include Madrid, Athens, Amsterdam and Venice
  • Air Canada is Canada’s largest airline, providing service to more than180 airports in Canada, the United States and internationally across six continents
  • Air Canada stock (TSX:AC) is up by 31.69 per cent over the past year

Air Canada (TSX:AC) is expanding its presence in the European market as part of its international summer 2024 flying schedule.

The expanded schedule will be equivalent to operating at 100 per cent of the airline’s peak summer 2019 trans-Atlantic capacity. Management is making the move because of a strong recovery in what amounts to its largest international market.

New additions include a year-round route between Montreal and Madrid beginning in May 2024, as well as three daily flights from Toronto and Montreal to Rome, and daily services to Milan and Venice.

Travelers will also be able to choose between 51 routes to 30 cities in Europe, Africa, the Middle East and India, making Air Canada the leading Canadian carrier across the Atlantic in summer 2024. The airline is focused on growing its trans-Atlantic footprint in the coming years, with Toronto and Montreal ranking third and fifth largest in North America in terms of average daily trans-Atlantic seats.

“Air Canada saw a tremendous rebound in international flying this past summer, particularly on the trans-Atlantic, and we expect Europe will remain popular next year. In anticipation of this, we are expanding our flying schedule to offer customers more choice and flexibility as they begin to plan their 2024 holidays,” Mark Galardo, executive vice president of revenue and network planning at Air Canada, said in a statement.

Notable increases in Air Canada’s trans-Atlantic services for Summer 2024

From Montreal to:

DestinationService improvement in Summer 2024 vs Summer 2023
AthensIncrease to 3 weekly frequencies in April, daily from May to October
AmsterdamEarlier seasonal start on March 30, 2024, increase to daily service
BarcelonaIncrease to 4 weekly frequencies in April, 5 in May, 6 from June to October
CasablancaIncrease to 6 weekly frequencies from June to September
CopenhagenEarlier seasonal start on May 2, 2024
LisbonIncrease to 4 weekly frequencies in April, 5 from May to October
MilanIncrease to daily service from June to September
NiceIncrease to 5 weekly frequencies from June to September
RomeIncrease to 9 weekly frequencies from May to September
VeniceIncrease to 3 weekly frequencies from June to October
Source: Air Canada.

From Toronto to:

DestinationService improvement in Summer 2024 vs Summer 2023
AthensIncrease to 4 weekly frequencies in April, daily from May to October
BrusselsEarlier seasonal start on May 1, 2024
BarcelonaIncrease to 5 weekly frequencies in April, daily from May to October
CopenhagenIncrease to daily service from May to September
EdinburghEarlier seasonal start on March 1, 2024 (operates from March to January)
LisbonIncrease to daily service from April to October
LondonIncrease to 4 daily services from April to October
ManchesterIncrease to 6 weekly frequencies from June to September
RomeIncrease to 12 weekly frequencies from May to September
VeniceIncrease to 4 weekly frequencies from June to October
Source: Air Canada.

Air Canada is Canada’s largest airline, providing service to more than 180 airports in Canada, the United States and internationally across six continents.

Air Canada stock (TSX:AC) last traded at $22.77 per share. The stock is up by 31.69 per cent over the past year.

Join the discussion: Find out what everybody’s saying about this stock on the Air Canada Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

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