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.

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Air Canada > Debunk!! jet fuel and share price - negative coorelation

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Comment by Returns2021on Oct 28, 2021 6:17pm

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Post# 34061027

RE:Debunk!! jet fuel and share price - negative coorelation

You are clueless, but go on. Things are going so well for AC that share price is dropping just about EVERYDAY as the market makes new record highs, LOL. Yes, that is a clear sign that everything is just gravy. Share price will collapse below $10 very very soon

Abid123 wrote: alright so some people are spreading fear that increased fuel price is going to have a major impact on share price. I ran some numbers instead of just claiming stuff without proof. My results are that there is minor impact and not nearly as crazy as some people on this board are stating.

Here is the site for historical jet fuel costs:

https://www.indexmundi.com/commodities/?commodity=jet-fuel&months=120¤cy=cad

here is the site for getting historical AC share data:
https://ca.finance.yahoo.com/quote/AC.TO/history?period1=1317427200&period2=1633046400&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true

Use the two sites and find the coorelation between the two. The result based on past 10 years on monthly close is .12. This is trivial.

Now please stop the fear mongering of jet fuel costs.