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 > AC is a disaster

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Post by Returns2021 on Feb 02, 2022 4:09pm

AC is a disaster

However way you look at, the future prospects are ugly for this company and sector. You have 3-5 years of a brutal bear market ahead of you.

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Comment by bigkagan on Feb 02, 2022 4:27pm

In BC the pandemic is ending - yesterday only new 1200 cases reported while 2300 per day last week

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Comment by Returns2021 on Feb 02, 2022 4:33pm

Sadly you are clueless on how finances work. COVID could end tomorrow and travel could go back to prepandemic levels, AC is still going to go lower. Why? Because their profitability is severely impacted due massive rise in fuel and labor costs. When profits are negatively impacted, a lower multiple will be applied to the stock price. Don't become a bagholder ...more

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