---
title: "Air Canada Sells Aeroplan Stake for $2.5 Billion Amid Quarterly Loss"
url: https://projectchintan.com/article/air-canada-sells-aeroplan-stake-to-blackstone-la-caisse-akgaw
publisher: Project Chintan
author: Project Chintan Newsroom
section: Business
published: 2026-08-12T14:00:46.923Z
modified: 2026-08-12T18:30:07.184Z
language: en-IN
---

# Air Canada Sells Aeroplan Stake for $2.5 Billion Amid Quarterly Loss

Air Canada has sold a 25% stake in its Aeroplan loyalty program for $2.5 billion to Blackstone and La Caisse. The airline reported a net loss of $178 million for the second quarter, despite a revenue increase.

## Key takeaways

- Air Canada sold a 25% stake in Aeroplan for $2.5 billion to Blackstone, La Caisse, and other investors.
- The airline reported a net loss of $178 million in the second quarter, a change from a net income in the prior year.
- Despite the loss, Air Canada's revenue increased to $6.3 billion in the quarter.
- Air Canada will continue to hold operational control and a majority stake in Aeroplan.

Air Canada has announced a significant financial transaction, selling a 25 percent non-controlling equity interest in its Aeroplan loyalty program to funds managed by Blackstone, La Caisse, and other investors for $2.5 billion. The airline will retain full operational control and a majority ownership of Aeroplan.

This deal was announced alongside Air Canada's second-quarter financial results, which showed a net loss of $178 million. This contrasts with a net income of $186 million during the same period in the previous year. The diluted loss per share for the quarter was 63 cents, compared to earnings per share of 51 cents a year ago.

Despite the net loss, Air Canada's revenue for the quarter grew to $6.3 billion, an increase from $5.6 billion in the prior year.

## Key Facts

- Air Canada reported a net loss of $178 million in the second quarter of 2026.

- In the same quarter of the previous year, Air Canada had a net income of $186 million.

- Diluted loss per share for the recent quarter was 63 cents, against diluted earnings per share of 51 cents a year prior.

- Air Canada's revenue for the second quarter reached $6.3 billion, up from $5.6 billion.

- An investor group including funds managed by Blackstone and La Caisse acquired a 25 percent non-controlling equity interest in Aeroplan Inc.

- This stake in Aeroplan was sold for $2.5 billion.

- Air Canada will maintain full operational control and a controlling ownership interest in Aeroplan.

- The transaction was announced on August 11, 2026.

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Canonical: https://projectchintan.com/article/air-canada-sells-aeroplan-stake-to-blackstone-la-caisse-akgaw
Reported from: Multiple Sources