RE:Sad year for Air Canada reality is this is not gonna be the last variant
the year ahead will mimic the year behind
lb1temporary wrote: Small surges, false starts, deceptions, volatility.
From 22,11$ to 21,13$ with high of 31$ and low of 19$. A sad year.
I made some gains with the surges but not as expected. We all wait for the recovery with a strong booking and firm prices with the pent-up demand but variants constantly delays it.
I remember my strong expectations in november 2020 for a stellar summer in 2021, delayed to a decent winter in 2022 by Delta and delayed again by Omicron.
The pent-up demand is always there and the pandemy will end someday (and we will learn to live with) but I think that the recovery wil be longer than anticipated, less rewarding. The stretching of the pandemy on more than 2 years will leave us with more prudent approach (at least for some). Less exotic travels, more fly and stay instead than multi-destinations, less cruising, more domestic and transborder than international.
But the AC stock is currently near is 12 month low, I can't imagine a worst situation than the current one, and he SP stands at 21$; a relatively strong performance.
As the Omicron variant surge was fast, its disappearance will be rapid ( when all easily exposed individuals will catch it) and the price recovery of Air Canada stock will occur as the same time as the first indications of Omicron weakening.
Better days ahead but stay realistic.