Provided is an air conditioner capable of improving heating performance in a cold region by reducing a refrigerant pressure loss in an outdoor heat exchanger in a heating operation. The air conditioner includes a compressor, an outdoor heat exchanger, an expansion device, and an indoor heat exchanger. The outdoor heat exchanger may include a plurality of unit channels into which a refrigerant channel is partitioned, and a separating device installed in each of the plurality of unit channels and configured to separate a liquid refrigerant component and a vapor refrigerant component in each of the plurality of unit channels in a heating operation. The air conditioner may further include a compressor suction channel connecting a heating-operation outlet of the outdoor heat exchanger and an inlet of the compressor, and a bypass pipe connecting the separating device and the compressor suction channel.