• Air Canada average quick ratio for 2023 was 1, a 9.91% decline from 2022.
• Air Canada average quick ratio for 2022 was 1.11, a 12.6% decline from 2021.
• Air Canada average quick ratio for 2021 was 1.27, a 9.48% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.