Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

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... see more

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TSX:AC - Post Discussion

Air Canada > Unless you missed it!

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Post by givemeabreak1 on Jul 14, 2021 12:12am

Unless you missed it!

Just about everywhere in the Carribean is in locked down with cases sky rocketing. Cuba might even have a revalution! Airlines will be scrambling for the same business. Interest rates look to be on the verge of rising. A 1% rise in mortgage rates is not 1% but rather a 33% increase in your current payment. Do you fly or do you pay your mortgage? Guys like me will always fly but that is not true for everyone unfortunately. AC will continue to bleed for many more quarters. Long term sure if you are looking at a return in say late 2022 or 2023. I believe in puting cash to work! Just too many good places to put it. That said, they are quickly running out as most things in the market are over-priced. I see AC floating between 20 and 30 for many years. In fact any bad news at all will cause a break down into the teens very quickly!

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