MONTREAL, May 4 /CNW Telbec/ - Air Canada will hold a conference call for
analysts on Friday, May 11, 2007 to present 2007 first quarter results. Air
Canada President and Chief Executive Officer, Montie Brewer, Executive Vice
President and Chief Financial Officer, Joshua Koshy, and Executive Vice
President and Chief Commercial Officer, Sean Menke will be available for
analysts' questions. Media may access this call on a listen-in basis. Details
are as follows:ANALYST CONFERENCE CALL / AUDIO WEBCAST

    Date:         Friday, May 11, 2007

    Time:         9:30 a.m. ET

    By telephone: 1-866-696-5895 toll free or (416) 641-6105 for the Toronto
                  area.
                  Please allow 10 minutes to be connected to the conference
                  call.

    Webcast:      http://events.startcast.com/events/20/B0048. Note: This is
                  a listen-only audio webcast. Media Player or Real Player is
                  required to listen to the broadcast; please download well
                  in advance of call.

    Replay:       Instant replay will be available beginning approximately
                  one hour after the call at 416-695-5800 or 1-800-408-3053
                  toll free and enter pass code 3221267#, until
                  midnight ET Friday, May 18, 2007.

    Note:         A slide presentation will be available at approximately
                  08:00, Friday, May 11, 2007 for viewing at
                  http://www.aircanada.com/en/investors/quarterly.html. This
                  presentation is not intended for simultaneous viewing with
                  the conference call.First quarter 2007 results will be released prior to the open of markets
and conference call on Friday.