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 > Consumer spending on travel !

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Post by Veecee1 on Apr 28, 2023 9:19am

Consumer spending on travel !

Mastercard Spending Soars as Consumers Flock to Overseas Travel

Mastercard Inc. said spending growth on its cards accelerated in the first three months of the year as the payment giant continues to benefit from a rebound in travel.
We delivered strong revenue and earnings growth this quarter, reflecting resilient consumer spending and the continued recovery of cross-border travel,” Chief Executive Officer Michael Miebach said
Mastercard and rival Visa Inc. have benefited as consumers, freed from pandemic-era restrictions, resume traveling and dining out. Earlier this week, Visa said cross-border volume — a key metric because such transactions are typically more lucrative than domestic payments — soared 24% in the first three months of the year.

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Comment by Returns2021 on Apr 28, 2023 9:40am

I know you are slow in the head, but let me explain things to you again. Of course travel has rebounded and it is great for VISA, HOTELS and so on who have been able to manage their businesses and generate PROFITS. This is not happening with AC. There are only losses coming your way.

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