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 > Q4 and 2024 (Updated)

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Comment by Rouge10on Jan 22, 2024 1:04pm

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RE:RE:Q4 and 2024 (Updated)

Usually large network airlines procure most of their fuel 6 weeks in advance (and some spot buying) as it takes time for them to distribute it across network.
For Q4, one should look at Jet fuel price (and WTI oil price) from mid July to mid Nov.For that window jet fuel price was approx. CAD 1.18 per litre. For Q3 it was ~ CAD 1.00. For Q1, its shaping out to be approx. CAD 1.05. Another 3.5 weeks and most of the Q1 fuel would be purchased.
Not taking into account any hedgeing, which could vary from 20-30% (going with commentary from previous analyst calls).

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