Air Canada T.AC

POSSIBLE FEDERAL ASSISTANCE NEXT WEEK?

[Starsearcher80]

Globe says Air Canada has high hopes for Jan. bailout 05:02 The Globe and Mail reports in its Friday edition that the federal Liberals lured Michael Sabia to the Finance Department on expectations the former corporate boss could build bridges between the worlds of politics and business during a nation-defining pandemic. The Globe's Andrew Willis writes that Mr. Sabia's engineering skills now face their first test, to hammer out a support package for Canada's airlines. Given the current chasm between the government and the airlines, it will have to be a big bridge. In early November, then-transport-minister Marc Garneau raised expectations on all sides. He promised ticket refunds and preservation of regional flights, which are priorities for many voters. On Monday, Mr. Garneau moved on, and former Liberal backbencher Omar Alghabra is now in the hot seat as Transport Minister -- and there is still no package. Enter Mr. Sabia, who stepped in as deputy minister in late December. While the Transport Department ultimately owns the file, responsibility for negotiating an agreement falls to Finance mandarins. Several industry sources, who confess to being eternal optimists, predict the new Transport Minister may have something to announce before parliament reconvenes on Jan. 25.

[red2000]

Good idea to release it next tuesday because monday january 18, it's Martin Luther King holidays in US ! Only my O !

[WeedTheNorth]

AC or any airline doesn't deserve a bailout. Airlines aren't needed at present in a large way and there is certainly no need to make current shareholders the shareholders after the pandemic. Let it go bankrupt and see who owns it in a year and a half when travel actually begins again. Shareholders holding airline stocks are fools, its the bondholders who will own it in the end.

[ariesleaf]

I agree AC or any other airline doesn't deserve bailout.at this time.

[Invinceableone]

This post has been removed in accordance with Community Policy

[ariesleaf]

Invinceableone Are you now a copy No mind of your own.  

[Pachuko]

Maybe you can spend a bit of time reading this and try and understand the far reaching impact of your theory which i suggest is not well informed. https://www.statista.com/topics/3219/travel-and-tourism-industry-in-canada/

[Flyby1969]

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[WestCoast78]

I do have a few questions:  AC has to roughly 8b in cash.  Roughly 10b of debt.  From everything I can tell, business travel accounted for 65-70% of profits.  I'm curious, how will the debt servicing happening?   time will tell I guess.  Good luck all.  

[Starsearcher80]

Air Canada, in normal times, is a very profitable company.  In 2019, EBITDA was $3.636 billion.  It's not uncommon for companies to carry debt, so that is not an issue, provided profitability continues. But these are not normal times right now obviously.  With no profitability due to Covid, cash on hand, or available cash, or the ability to raise cash, becomes everything to a

[Homestretch4me]

Nope. https://ca.finance.yahoo.com/news/ditch-air-canada-tsx-ac-190053669.html

[Tommy123]

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[tracker11]

CargoJet isn't competing with Air Canada. Air Canada is competing with CargoJet. In these trying COVID related times the search for new revenues has necessitated companies to become creative and even more daring in expanding their business. Air Canada has realized this in broadening their cargo business. They have already converted several planes to cargo carriers to satisfy the rise in this

[facanadian1]

6 Boeing 767s are almost ready for cargo operation! These will be permanent for ACs new cargo division! They were formerly at Ac Rouge . If Rouge flies in the future they only have narrow body aircraft.

[Starsearcher80]

As I said in a recent post, I don't have a lot of respect for anything out of Motley Fool.  For myself, I think I'll stick with the real numbers which are not in dispute. 2019, EBITDA was $3.636 billion  Additionally, pre-covid, AC was a $54.00 stock. I suppose it depends on your timeframe.  For myself, I'll catch an easy-to-see substantial rise over the next couple of

[Tommy123]

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