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Air Canada T.AC

Alternate Symbol(s):  ACDVF

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

Post by lb1temporaryon Dec 16, 2022 5:08pm
308 Views
Post# 35176927

Extract from the Nat Bank TRZ analysis

Extract from the Nat Bank TRZ analysisInteresting for the demand and pricing

Winter demand and pricing look good

For the winter, Transat is planning capacity at 97% of 2019 levels, and so far, booking trends look quite positive with load factors similar to 2019 sitting at ~55% across the network. Yields (pricing) are 15% above 2019 levels, which will offset higher fuel costs and FX headwinds. Interestingly, booking momentum has accelerated over the past month with Transat noting a 21% increase. This suggests that despite pressure on consumers from higher interest rates and inflation, leisure travel remains a high priority spending item. As noted in our Sun Destination report, many Canadians have been deprived of their annual sun destination trip in the winter over the past three years due to the pandemic, so we expect to see significant pent-up demand manifest this winter.
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