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 > Great opportunity to SELL

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Post by Returns2021on Aug 03, 2022 1:26pm

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Post# 34868644

Great opportunity to SELL

This rise will not last. It will exit 2022 below $5 as a severe recession takes hold. We are now in peak travel demand and they lost a whopping $386 Million in the quarter (analysts expected an $83M loss). Travel demand destruction of minimum 20% is on the way due to recession by start of 2023. The travel resurgence is short term only due to Covid shutdowns. It will not last.

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