• Air Canada average operating margin for 2023 was 7.43%, a 157.78% decline from 2022.
• Air Canada average operating margin for 2022 was -12.86%, a 87.41% decline from 2021.
• Air Canada average operating margin for 2021 was -102.17%, a 344.41% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.