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 > Fitch Revises Outlook for Air Canada to Positive

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Comment by TradeForexon Jul 05, 2023 10:42am

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Post# 35527258

RE:Fitch Revises Outlook for Air Canada to Positive

Veecee1 wrote:
itch Ratings - Chicago - 28 Mar 2023: Fitch Ratings has affirmed Air Canada's Long-Term Issuer Default Rating at 'B+'. The Rating Outlook has been revised to Positive from Negative.

The Outlook revision reflects an improving environment for travel demand and reduced concerns around items such as elevated fuel prices and prolonged impacts of inflation. Fitch expects profitability at Air Canada to improve through 2023 and 2024, from low levels in 2022, which was still heavily impacted by COVID-19. YE 2022 leverage remains high for Air Canada's 'B+' rating on a gross basis, but Fitch expects leverage to improve within our negative sensitivity by YE 2024. Leverage remains more manageable on a net basis due to Air Canada's healthy liquidity balance
Air Canada's 'B+' rating is supported by quickly improving traffic in Canada leading to better profit margins and normalizing credit metrics. The company also benefits from a solid liquidity balance, which provides protection in the case of a downturn. Air Canada also retains sufficient financial flexibility from unencumbered assets including its loyalty program, to support further capital raises if needed.

TROLLS don't like these facts https://stockhouse.com/companies/bullboard/t.ac/air-canada?threadid=3536723

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