Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

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.

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Air Canada > 8 billion in reserves doesn't = Collapse, Global News

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Comment by Starsearcher80on Dec 09, 2020 10:52am

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Post# 32067082

RE:8 billion in reserves doesn't = Collapse, Global News

I fully agree that this is a completely moronic headline. 8 BILLION in the bank. Now if that is the "verge of collapse", sign me up!

I don't mind personally, other than the one day blip. What this move by AC to cut the routes, (which I agree with), and the accompanying moronic news headlines will do, is absolutely grab the attention of the Government who may now fully step up with support for the airline.

Funny how sometimes "bad" news is actually helpful, leading to something very positive.

hottubbrad wrote: Global News is incorrectly portraying Air Canada as on the verge of collapse.

https://globalnews.ca/news/7508603/air-canada-service-cuts-station-closures-atlantic-canada/

AC CEO states they have 8 billion in near liquid reserves. WTF Global News.

I am long AC...