Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

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

Air Canada

Bullboard Posts

Post by GasPro2017on Jun 09, 2020 9:02pm

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Post# 31131395

Top Pick Today on BNN Market Call

Top Pick by Stan Wong

AIR CANADA (AC TSX)
Last bought this month at $22.

The travel and leisure industries are beginning to show signs of life as COVID-19 curves flatten and optimism grows over potential vaccines and treatments to combat the virus. Management at Air Canada has reported that they are seeing an improvement in demand for air travel and fewer cancellations along with expectations of a pickup in domestic leisure travel this summer and business travel in the fall. Air Canada’s strong balance sheet relative to its peers makes it well positioned to recover as the economy reopens and travel normalizes. As well, the company’s liquidity of C$10 billion provides sufficient cushion against a potential second wave of COVID-19. Air Canada reports its next quarterly results on July 30.

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https://www.bnnbloomberg.ca/stan-wong-s-top-picks-june-9-2020-1.1447815