Can anyone explain?This stock hit $ 3.40 per share in April and has had nothing but good news since. So why is it floundering? Is it the price of oil and therefore jet fuel? Shorters? I don't understand. Every quarter shows an improvement towards profitability and growing cash flows. Analysts are upgrading the stock almost on a daily basis. The labour contracts and pension agreements are in the bag. The airline continues to be recognized as the best in North America for customer satisfaction. Rouge appears off to a good start. The process of renewing the fleet has begun. As I see it, there is only the arbitration settlement with Chorus that could go against AC (but that leaves them no worse than today as that would be the status quo position) and the lobbying with the feds to reduce the ground costs at Canadian airports (again, these costs will not go up but they may come down and be more competitive with other countries). There is talk of opening the skies to let foreign (US) carriers carry passengers between Canadian locations but I don't see that happening without Canadian carriers being given the same consideration elsewhere in the world. So where is the issue? This stock should be above the April high and continuing an upward trend. Am I missing something?