BNNI thought this was good commentary on Air canada and a bit on WJA.
Mentions the use of EBITDA, potentail of 2% divvy that wouldn't cost them much that comes sooner than later. Also talks about how addign a divvy would attract institution investors that many have mentioned here.
Good point about how railroads in the past were highly cyclical not has turned into profitable oligarchs and airlines in canada and do the same with the duopoly we've had.
https://www.bnn.ca/video/mccreath-air-canada-had-a-slam-dunk-blowout-quarter~1179126