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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

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Post by Tempo1on Nov 02, 2024 9:03am
268 Views
Post# 36293472

Conf. Call : One tight questions to management

Conf. Call : One tight questions to managementThe Conference call was clearly positive with many comments confirming some better tendancies in the business. But 1 question from Doerksen, a steady supporter of AC show that he is not naive about the winding route sometimes used by this management:

Cameron Doerksen NBF (trgt 27$)

...... But you do have some additional negotiations coming up in 2025, I guess, specifically the flight attendance in March. I'm just wondering if you can talk about anything that you might do differently, I guess, with this negotiation process because we did have kind of a year of uncertainty, I guess, while the pilot negotiations were ongoing. And I'm just wondering if there's maybe more urgency to get something done earlier so you can avoid, I guess, the impact on bookings and things that we saw in the past 12 months.

Michael Rousseau responded: ......... Yes, we think it'll probably be a shorter process than the pilot negotiation, which went on for approximately 15 months. As you can appreciate, it's too early to speak about any expectations at this point in time.

Correct answer. The interest is on the question after 15 months of pain for shareholders to finally have a 42% deal , only 3% lower than the 45% pilots asked.


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