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 > AC pays off net 109,000,000,000 in LT debt

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Post by thinkyourmoneyon Mar 21, 2024 2:48pm

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Post# 35945569

AC pays off net 109,000,000,000 in LT debt

Finally, some more good news on debt reduction.

This converts into AC not needing to pay approximately 100,000,000CAD in annual interest payments going forward.

This is what happens when a corporation has sound financial management. You not only reduce debt but also spend less of your income on interest payments.

This is good on the corporate level and on the personal level.

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