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 > I sold.

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Post by BCthoughtson Jan 08, 2021 12:45pm

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Post# 32254715

I sold.

WestJet just annouced more layoffs and the time to recovery has been severly pushed back yet again. Cash burn is rediclous and raising more cash will be required if a merger with AT is to take place. This airline is so bloated when hardly anybody is flying. Great money maker pre covid but this is a major set back and will take at least 5 years to recover from. Money better off elsewhere.

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