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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 Veecee1on Feb 04, 2024 7:36pm
119 Views
Post# 35862221

“It’s going to be busy,”

“It’s going to be busy,”

Now may be the best time for Canadians to buy airline tickets because fares are set to soar this summer, according to an industry expert

Flair and Lynx are the price leaders in Canada,” said Gradek. “Air CanadaWestJet, Porter are kind of playing along.”The problem is that’s not likely to be sustainable.Gradek said the ultra-low cost airlines are not making any profit off the current fares and it’s likely one of them will be subject to either bankruptcy or takeover.

The strong demand for travel and profitability for carriers seen last summer should repeat itself this year, said Gradek, with the only possible dampers being a recession and lower disposable income.
“It’s going to be busy,” Gradek said. “Fares will definitely be up there.”

https://financialpost.com/transportation/airlines/airline-fares-set-to-soar-summer


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