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 > Nat Bank: Target at 35$ (from 32$)

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Comment by thinkyourmoneyon Aug 15, 2023 10:25am

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Post# 35588857

RE:RE:RE:RE:Nat Bank: Target at 35$ (from 32$)

You sound like a short seller trying to protect your position, your short position before witching Friday which is this Friday.

By now AC has 10 billion in cash and cash equivalents. Divide that by 258 million shares and AC has $27.93 of cash and cash equivalents on the balance sheet by now. Plus they own most of their fleet.

Those 2 facts put the value of AC at $35 per share.

Stop looking at the operations. Look at the financials. Didn't you get the memo. Air Canada is a financial company now.

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