RE:3 Flights cancelledferret_ca wrote:
to fill ert's plane just so he won't get upset with his value trap stock, cnadian travellers paying in cdn dollars for a service provided in mostly us dollars. some debt in us dollars with rising rates. lets see how this plays out, lol. at least they kept ert happy for xmas.
merry ho ho ho and a prosperous new year to all, cheers ferret.
good try. Your argument against the weaker dollar doesn't take into account the massive drop in fuel costs, which currently sits at a 1/3 the price of 2014s highs. Sure ACs expenses increase 33 mil annually for every 1 cent drop in the Canadian dollar but you're forgetting about the 1-2 billion the company is saving annually on fuel. Also selling more tickets in USD than ever before due to the massive transborder and international expansion at a time when the airlines are entering the busiest Christmas season ever.
Also Trying to find the logic in your comment "paying in cdn dollars for a service provided in mostly USD". You talk about this as if it's news to the market or something. Maybe you can come up with another 3 year old article to bash a stock that's about to take off. Cheers.