Post by
lb1temporary on Dec 16, 2022 5:08pm
Extract from the Nat Bank TRZ analysis
Interesting for the demand and pricing
Winter demand and pricing look good
For the winter, Transat is planning capacity at 97% of 2019 levels, and so far, booking trends look quite positive with load factors similar to 2019 sitting at ~55% across the network. Yields (pricing) are 15% above 2019 levels, which will offset higher fuel costs and FX headwinds. Interestingly, booking momentum has accelerated over the past month with Transat noting a 21% increase. This suggests that despite pressure on consumers from higher interest rates and inflation, leisure travel remains a high priority spending item. As noted in our Sun Destination report, many Canadians have been deprived of their annual sun destination trip in the winter over the past three years due to the pandemic, so we expect to see significant pent-up demand manifest this winter.
Comment by
TitanBrawler on Dec 16, 2022 9:41pm
And we all remember that in 2019 the stock price hit $52 a share. With the exact same metrics At $19 a share - Air Canada is a major buy . A no brainer- With major up side .
Comment by
Returns2021 on Dec 17, 2022 5:38pm
a no brainer, down to $5 it will go.
Comment by
ELQUapo on Dec 17, 2022 11:47pm
maybe less. lookie like a head and shoulders breakdown. ooouuuuuuf.
Comment by
Returns2021 on Dec 18, 2022 11:00am
Definite no brainer of $5 or lower for AC. Highest interest rates in a generation. Higher rates for long time. It will deflate all assets big time.