RE:Comparing AC with US airlines.Infact, for AC 12 month trailing leverage ratio should already (Q1 is over) be ~4.0, higher only than United airlines.
By end of Q2 (77 days to go), it will be ~3.35. This should bring AC on top or at least very close to United airlines.
Why? cause for US airlines 2022 was a full recovery year and AC was marred by Q1/Q2 '22 Omicron shut down. 2023 will be full recovery year for AC and substantially improve EBITDA for Q1 and Q2 and onwards.
AC will continue to bring leverage ratio down (target 1.5 by end of 2024 as per CFO on March 18th '23). This target has been reduced from 1.0 to take into account additional captial on cargo frieghters and some level or risk of current environment.
And other airlines will continue to hover above 2.5/3.0. Why? they need to spend billions on new fleet :) AC has spent that money.