RE:RE:RE:Air Canada cuts 1,500 more jobs and cancels 17 more routesNone of this comes as a surprise, which is why it has had little effect on the share price. The contrarian view here is that it really can't get any worse, and with the vaccines coming on, there is a far more likelihood that things will be getting better from here. Looks like we've got a new floor in for the stock, and with good news to come from here, a nice rebound upwards should be in store.
Invinceableone wrote: Doesnt look like that Pal!!!! News is out and still very resiliant, if anything this is more positive news showing that Air Canada realizes cutting costs further is the prudent thing to do and ramong up there newly developed Cargo Sector is the right temporary measure to implement.
Not to mention it's part of the agreement Trudeau is making through Sabia to make it look as if he has no choice but to provide Billions in bailout money when he saves the day!!! Trying to create as much of a perceived desperate situation as possible so the average voter will think it was justified!!! LOL In his mind anyway. AC says sure we will reluctantly cut these routes but need to cut these jobs wink wink!!!! Now give us our FREE MONEY!!!!!