Air Canada Shares Sink Amid Jet Fuel Costs, Lower Profit Outlook

Air Canada's shares fell the most in over a month after the airline cut its full-year guidance for the second consecutive quarter, citing higher-than-expected jet fuel costs. The profit outlook downgrade reflects sustained pressure from fuel prices. Investors reacted negatively, driving the stock down sharply. Air Canada continues to face headwinds from elevated energy costs impacting its bottom line.