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Air Canada T.AC

Alternate Symbol(s):  ACDVF

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

Bullboard Posts
Post by oxinoson Jul 31, 2020 9:12am
255 Views
Post# 31348666

What has Air Canada accomplished?

What has Air Canada accomplished? To have at the end of June 2020 about $9.2 billion.

1) To do that they had to do a dilutive financing.
2) They have drawn down all of the revolving credit facility.
3) They borrowed $1.0 billion plus using collateral their new plains.
4) They reduced their routes to negligible amounts.
5) Their customer base has vanished for the foreseeable future.
6) They lost over $1.55 billion this second quarter alone and more should follow in the next few quarters.
Bullboard Posts