From Headwinds to fresh airWhat happens and what to expect ?
Curiously, positive external and internal factors happened almost in the same time frame.
First, the UAL results led to an increase in all carriers; more precisely, the multiples applied to air carriers has expanded.
Second, AC has better results than anticipated, the travel market is in better shape, and they disclosed higher 2024 forecasts, better perspectives for 2025 .
Finally, they start a NCIB, a proven stimulant for rising stocks.
External and internal tailwinds for the SP.
More, the investor day scheduled for dec 17 will be the next catalyst.
It’s a brand new situation.
My expectation is now 24$ or 25$ before the year end. This ride has legs.