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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

Comment by xgbssxxon May 02, 2024 10:09am
88 Views
Post# 36019331

RE:opportunity

RE:opportunityMe too. Added this morning. I like their reporting that demand is very high still. That means the earnings is sustainable and growing moving forward.

Leverage ratio is now below 1 at 0.9. I'm actually looking at AC bonds to add to my portfolio. They are yielding currently 5.5-6% based on bid and ask. A buyout/early redemption by Air Canada may occur leading to immediate gain back to par and even if they don't, Air Canada can sustain the debt.

While corporate travel sales were only steady, with trends in the US showing growth at Delta and United, I think it's just only a matter of time this starts ticking up in line.
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