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 > Still heavily shorted and due for a squeeze

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Comment by Nordicoon Aug 19, 2024 7:14pm

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Post# 36186915

RE:RE:RE:RE:RE:RE:Still heavily shorted and due for a squeeze

Good points. Although I think shareholders would only take a 'huge hit' if a strike/lockout were to last more than a couple days.

jjwilson wrote:
"By declaring it an essential service for Canada (differentiated from Westjet and the recent mechanics strike because of AC's much more substantial routes and operations)."

If the railroads aren't essential AC won't be either. Remember, Jazz will still fly, Westjet will still fly, Porter will still fly. If there is a strike or lockout AC, it's shareholders and stakeholders will take a huge hit but the country will be fine. I don't think the "essential service" argument will hold especially seeing recent CIRB decisions.