As of early 2026, Air Canada remains the undisputed leader in the Canadian airline industry, maintaining its position as the nation's largest carrier by both fleet size and passenger volume. Headquartered in Montreal, Air Canada serves nearly 50 million passengers annually and operates a vast international network that positions it as a major "sixth-freedom" carrier, connecting U.S. travelers to Europe and Asia through Canadian hubs like Toronto Pearson (YYZ) and Vancouver (YVR). The airline holds over 40% of the capacity market share at Canada's busiest airports. While WestJet remains a strong second-place competitor—particularly dominant in Western Canada and expanding its low-cost footprint—Air Canada's extensive reach through its regional partner (Jazz) and its low-cost subsidiary (Rouge) ensures it dominates the market. In 2025, Air Canada reported a trailing 12-month revenue of approximately $16 billion, further solidifying its financial lead over domestic rivals in a recovering and highly competitive post-pandemic landscape.