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 > American Airlines jumps after raising third-quarter

<< Previous

Bullboard Posts

Next >>

Comment by Returns2021on Oct 11, 2022 9:43am

35 Views

Post# 35016925

RE:American Airlines jumps after raising third-quarter

LOL. It is all about the future and the prospects have never been uglier for airliners. How is the share price now? LOL. Ac, well on its way to $5

Veecee1 wrote:

American Airlines said Tuesday that its third-quarter sales likely came in better than it previously expected, sending shares higher on the sign that a strong summer helped the carrier cover a jump in costs.

American shares were up nearly 6% in premarket trading.

The airline’s revenue in the three months ended Sept. 30 will be up 13% from the same period of 2019, when it brought in $11.91 billion, the carrier said. That guidance is an increase from its July forecast for a 10% to 12% increase. American forecast a pretax margin of 4.5%, above an earlier estimate of no more than 4%.

While revenue will likely be above 2019 levels, the carrier said it flew 9.6% less than three years ago, near the low end of its range — another demonstration of how passengers are paying more to fly.

American is set to report quarterly results before the market opens on Oct. 20. Rival Delta Air Lines kicks off the sector’s reporting early Thursday.