RBC Revises Canadian Aerospace Targets Amid Fuel Costs

RBC Capital Markets' Q1/26 Flight Deck report notes consumer demand but flags elevated fuel costs as a key risk for Canadian aerospace.
Air Canada rating remains Outperform, but price target cut to $22 from $25, with expected Q2 fare hikes to offset fuel expenses.
Bombardier price target raised to $298 from $287, while CAE target lowered to $42 from $46 due to Middle East geopolitical disruptions.
Chorus Aviation stays pick with $35 target and $525 million free‑cash‑flow goal to 2029; Exchange Income kept at $133 target citing defense‑aligned growth.