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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 thinkyourmoneyon Dec 19, 2024 10:55am
195 Views
Post# 36370274

Morning thoughts

Morning thoughtsYou have to love the short traders.  They have driven the share price down $4 per share.  That means the share buyback is costing (500,000 shares X $4 per share ) = $2,000,000 less per day.  That's a significant savings.  As long as this keeps up, it would be reasonable that AC would just keep buying back shares.
Also it was noted that AC will be moving all 41 737 MAX aircraft to turn ROUGE into a single airplane type airline.  The flaw here is that there are still 12 more 737 MAX aircraft to be delivered.  To me that makes a very significant entry back into the low cost market.  I am sure this was already dealt with in the pilots recently negotiated contract.
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