RE:When is a good time to buy?In the quarter ended in September 2022, Air Canada turned profitable for the first time since the start of the pandemic. During the quarter, its total revenue jumped by 153% YoY to $5.3 billion with continued strong travel demand amid easing COVID-related restrictions. This helped the Air Canada post $1.23 per share in adjusted quarterly earnings, massively better than Bay Street analysts’ estimate of $0.43 per share.
The quarter coming due will be much the same.
Expect $24 very soon.