RE:RE:The dividend staysDividends are dependent on Free Cash Flow.
That cash is from revenues. The bulk of the revenues come the bank cards. The bank cards are all contracted to 2024.
If the "Aeroplan to Air Canada" association is broken in 2020, Aeroplan can be partnered with all global air line point alliances. Yes, it will cost more to fly Air Canada but "competition is good".
This is actually good news for this stock and bad news for Air Canada since they need to incur a lot of costs to get the platform operational, in production and accepted by the market.
The market reacted very oddly and did not think this through.