Street View: Air Canada's updated outlook reflects flight attendant strike impact

** Air Canada AC.TO revised its 2025 adjusted EBITDA guidance to C$2.9 billion ($2.08 billion) to C$3.1 billion from C$3.2 billion to C$3.6 billion

** Shares fell 1.5% to C$17.7 during mid-day trading

** At least three brokerages cut PT

** Median PT of 15 analysts covering the stock is C$25; average analyst rating is 'buy' - data compiled by LSEG

LABOUR DISRUPTIONS TOOK CENTRESTAGE

** CIBC ("Outperformer", PT: C$22) says the updated outlook reflects financial impact due to disruptions was softer and sees it as a positive surprise

** Stifel ("Buy", PT: C$24) says the labour disruptions had a substantial financial impact and tempers the airliner's buyback activity in November when the NCIB renews

** TD Cowen ("Buy", PT: C$22) expects the stock will not be volatile near-term until investors can gain clarity on the outlook for margins in 2026

($1 = 1.3943 Canadian dollars)