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 > Long and Wrong!

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Comment by Nordicoon Aug 01, 2024 3:32pm

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Post# 36158904

RE:Long and Wrong!

Unfortunately this stock is getting shorted to hell, because of the labour impasse and lack of a buyback program (I really wish AC was buying back $3M per week at these levels). And no, as much as some of the low-info posters on this board (including the ones liking the posts) want to think only 4% of outstanding shares are shorted, it's around 30% as of today. If AC can just get this deal done with the pilots, this would become an acquisition target like WJ was years ago.