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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Bullboard Posts
Comment by bnwon May 10, 2013 7:12pm
218 Views
Post# 21365183

RE: RE: RE: RE: RE: RE: Anyone?

RE: RE: RE: RE: RE: RE: Anyone?

Welcome aboard, Richy.  I'm big into AC, currently holding 50,000 shares and have owned the stock uninterrupted for more than 2 years.  I am also heavy into gold and diverrsified elsewhere as well.  Like you, I have suffered and and continue to do so.  In the last month, dating back to April 10th, the TSX is up 54 points but I have lost 17.5% of my total value.  In that same time period, AC.B has gone from $ 3.18 to today's close of $ 2.17, a 31.76% decline.  Therein lies my problem.  Yet, I am confident.  I successfully averaged down on AC and now have a $ 1.80 average cost.  To accomplish this I was buying below a dollar when most saw AC heading towards bankruptcy.  My confidence was based on the belief that the labour and pension problems would be resolved in AC's favour and they were.  Going forward I think Rouge will offer AC the opportunity to reduce costs, extend the life of older planes whilest renewing the fleet and that the cross border advantage of Canadians flying to US destinations from US border airports will be reduced as I expect the government will assist in levelling the playing field by making airport taxes and services more competitive.  This Conservative government has shown to be sympathetic to AC and as they understand how vital AC is to Canada I expect their continued support.  In addition, there is a fair chance AC will win its arbitration case with Chorus.  One last piece of advice -  hang onto your gold if you can but if you can't I'd go with AC.  Good luck.

Bullboard Posts