Gimli Glider: the 1983 Air Canada Boeing 767 fuel emergency
Published November 7, 2026 · Updated November 7, 2026 · 2 sources
In 1983 an Air Canada Boeing 767 ran out of fuel at 41,000 feet over Manitoba and glided to a landing at Gimli. All 69 on board survived.
The exposed companies and what ATLAS says about each
There is no market close after the event yet: the reaction will be visible at the close of November 9. This page will be updated then with the actual change. In the meantime, here is the data for each company.
Manufacturer of the Boeing 767 aircraft involved in the 1983 fuel emergency, a type still in service. · Industrials
Boeing manufactured the 767 aircraft involved in the 1983 emergency, a type still in service. Its latest available close was $173.38 on November 6. The ATLAS fair value estimate is $186.90, with a range of $41.09 to $272.95, and the price is 7.24% below that value.
Latest available close
$173.38Close of November 6
Fair value (ATLAS)
$186.90Fair range: $41.09 to $272.95The price ($173.38) is 7.2% below that figure: close to its fair value.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $160.88 and $186.22; 9 in 10, between $141.32 and $212.00.
Owner of British Airways and Iberia, operators of widebody and narrowbody fleets exposed to aviation safety and fuel-planning standards. · Industrials
International Consolidated Airlines owns British Airways and Iberia, which operate widebody and narrowbody fleets; it is included for its activity in the sector, not because the event affects it. Its latest available close was €5.19 on November 6, and the ATLAS fair value estimate is €10.01 (range €7.40 to €24.73). The price is 48.12% below that value, and the dividend yield is 2.20%.
Latest available close
€5.19Close of November 6
Fair value (ATLAS)
€10.01Fair range: €7.40 to €24.73The price (€5.19) is 48.1% below that figure.
Chance of a rise in 1 month
51%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between €4.95 and €5.47; 9 in 10, between €4.54 and €5.97.
Low-cost European airline whose operations depend on fleet safety and fuel-planning procedures in the aviation sector. · Industrials
EasyJet is a low-cost European airline whose operations depend on fleet safety and fuel-planning procedures; it is included for its activity in the sector, not because the event affects it. Its latest available close was £6.84 on November 6, against an ATLAS fair value estimate of £9.27 (range £5.88 to £36.36), which is 26.16% below that value. Its next earnings date is November 25, and the dividend yield is 1.94%.
Latest available close
£6.84Close of November 6
Fair value (ATLAS)
£9.27Fair range: £5.88 to £36.36The price (£6.84) is 26.2% below that figure.
Chance of a rise in 1 month
54%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £6.67 and £7.08; 9 in 10, between £6.33 and £7.47.
An Air Canada Boeing 767 ran out of fuel at 41,000 feet in 1983 and was glided to a landing at Gimli, Manitoba, and all 69 people on board survived [2]. No market close after the date of the event is available yet; any reaction would first be visible at the close of November 9, and this page will be updated then.
An Air Canada Boeing 767 carrying 61 passengers and eight crew members ran completely out of fuel at 41,000 feet over Manitoba [2]. The cause was a mistake in converting metric measurements, which led ground staff to load less than half the required fuel [2].
The pilots glided the 132-tonne aircraft for 17 minutes without engine power [2]. They landed it on the runway of a disused air base in Gimli, and all 69 on board survived [2].
A separate local headline refers to a Welland man's Gimli Glider recreation project finding a new home out west [1].
What ATLAS data show
ATLAS fair value figures are model estimates, not promises. For Boeing the latest close was 7.24% below the estimate, for EasyJet 26.16% below and for International Consolidated Airlines 48.12% below. The ranges around these estimates are wide, particularly for Boeing and EasyJet, which shows how uncertain the models are. These figures describe the gap between price and model only and are not advice.
There is no close after the event yet; the market reaction will be visible at the close of November 9, and this page will be updated then. Coincidence in time between a price and an event is not causality, and the data come from closing prices and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 7, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
ATLAS Signals
ATLAS Signals, every week
The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.
By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy
ATLAS