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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

Post by Wynjoeon Sep 27, 2022 9:31am
141 Views
Post# 34988965

Air Canada is a buy....

Air Canada is a buy....The March covid crash in 2020 is behind us when s/p dropped below $10.00 for Air Canada (rightly so when airports shut down and there was near zero revenues).Yesterday ,Canada dropped all covid restrictions for October and many other Countries are doing likewise.We are at the beginning of an airlines recovery and with a potential customer base of over 50 million (2019 projections),a ONE dollar increase in fares will add FIFTY million dollars to Air Canada's bottom line, WOW!!! Air Canada is Canadas biggest airline and has overwhelming support from our federal politicians,they are an iconic symbol for Canadians and proudly fly around the world displaying our beloved maple leaf. They are a safe and reliable company and has even added to thier cargo carrying capacity and has increased revenues because of this. Oil prices have stabilised and with holiday passenger traffic increasing, profits should start mounting. We are at a turning point and though the (projected)recession may play a part in keeping s/p stable,share price will spike at some point.Good things are about to happen.AIR CANADA IS A VERY STRONG BUY AND HOLD!!!
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