2023 Consolidated Financial Statements and Notes
pwc
Independent auditor's report
To the Shareholders of Air Canada
Our opinion
In our opinion, the accompanying consolidated financial statements present fairly, in all material
respects, the financial position of Air Canada and its subsidiaries (together, the Corporation) as at
December 31, 2023 and 2022, and its financial performance and its cash flows for the years then ended
in accordance with International Financial Reporting Standards as issued by the International Accounting
Standards Board (IFRS Accounting Standards).
What we have audited
The Corporation's consolidated financial statements comprise:
•
•
the consolidated statements of financial position as at December 31, 2023 and 2022;
the consolidated statements of operations for the years then ended;
the consolidated statements of comprehensive income (loss) for the years then ended;
•
the consolidated statements of changes in equity (deficiency) for the years then ended;
•
•
the consolidated statements of cash flow for the years then ended; and
the notes to the consolidated financial statements, comprising material accounting policy information
and other explanatory information.
Basis for opinion
We conducted our audit in accordance with Canadian generally accepted auditing standards. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the consolidated financial statements section of our report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Independence
We are independent of the Corporation in accordance with the ethical requirements that are relevant to
our audit of the consolidated financial statements in Canada. We have fulfilled our other ethical
responsibilities in accordance with these requirements.
PricewaterhouseCoopers LLP
1250 René-Lévesque Boulevard West, Suite 2500, Montréal, Quebec, Canada H3B 4Y1
T: +1 514 205 5000, F: +1 514 876 1502, [email protected]
"PwC" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.
2View entire presentation