Stock news: Air Canada leads round of TSX gains with guidance cut amid fuel uncertainty

The news comes as the Montreal-based airline reported net income of $48 million in the first quarter, compared to a net loss of $102 million in the same period last year. That was diluted earnings per share of 16 cents, compared with a diluted loss per share of 40 cents during the year-ago quarter.

The airline says it delivered a record first-quarter operating income of $5.8 billion, up year-over-year from $5.2 billion.

Air Canada CEO Michael Rousseau says the company’s second-quarter guidance shows it expects to cut between 50 and 60% of rising fuel costs through trade-offs and costs. The airline says it now expects adjusted earnings before second-quarter earnings to come in between $575 million and $725 million.

Canada Packers reports Q1 earnings of $43.8M as sales decline

Canada Packers Inc. reported a first-quarter profit of $43.8 million, compared to $34.1 million in the same quarter last year. The company says earnings reached $1.46 per diluted share in the quarter ended March 28, compared to $1.15 per diluted share in the first quarter of 2025.

Sales totaled $428.3 million, down from $452 million last year.

On an adjusted basis, Canada Packers said it earned 54 cents per share in its latest quarter, down from adjusted earnings of 89 cents per share last year.

Chief executive Dennis Organ says the company’s strong performance helped offset the year-over-year losses.

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Canada Packers is the pork operation of Maple Leaf Foods Inc. which emerged as an independent company in October 2025.

Bombardier reports Q1 profit and revenue from last year

Bombardier Inc. reported a first-quarter profit of US$53 million, up from US$44 million a year earlier, as revenue rose 5%. The Montreal-based aircraft maker, which keeps its books in US dollars, said profit reached 45 US cents per diluted share in the quarter ended March 31, up from 37 US cents per diluted share in the same quarter last year.

Adjusted, Bombardier said it earned $1.81 per share in its latest quarter, up from 61 US cents per share a year earlier.

Revenue for the quarter reached $1.60 billion, up from $1.52 billion in the first quarter of 2025.

Bombardier said it delivered 24 planes in the quarter, up from 23 in the same quarter last year. The company’s order backlog stood at US$20.3 billion as of March 31.

Toy company Spin Master reports US$32M Q1 loss, lower revenue than last year

Spin Master Corp. reported a first quarter loss of US$32.0 million compared to a loss of US$24.5 million last year as revenue fell by nearly 9%. The Toronto-based toy company, which keeps its books in US dollars, said the loss was 32 US cents per share ended March 31 compared with a loss of 24 US cents per share a year earlier.

On an adjusted basis, Spin Master said it lost 24 US cents per share in its latest quarter compared to a loss of 12 US cents per share in the same quarter last year.