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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

Comment by NotGonnaWorkon Sep 04, 2024 11:12pm
190 Views
Post# 36209232

RE:RE:Bloomberg news on AC and More Foolish Nonsense on this board

RE:RE:Bloomberg news on AC and More Foolish Nonsense on this board

The NDP-backed coalition was a deterrent on Government intervention. Maintaining NDP support made intervention less likely - not more. The coalition nearly broke during the rail strike and a looming AC strike may very well be factoring into Singh's decision to break with Trudeau now.

Remember that the Government does not have to go through the House of Commons to end a strike. They can appeal to CIRB directly (as they did last month). No votes required. And Trudeau is now facing the potential for a surprise election and the country overwhelmingly favors a Conservative government. The last thing he wants is a massive labor strike in a high paid industry that disrupts the bulk of air travel in Canada.

The odds that the Government would've intervened within hours or days of a strike was already high. Today's events make it a near certainty and may even raise the odds that the feds intervene beforehand.

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