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 > Sandbagging ?

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Post by Veecee1 on May 02, 2024 10:47am

Sandbagging ?

Expenses all booked in Q1, which included accrued new contract for pilots, 500 new hires, 20m one time charge for aircraft , spending in technology. Going forward fuel hedging at 0.69c ,improvements in CASM in next quarters. Business travel signalling 20% increase in Q2 , this and cargo improvements could be the outliers in coming quarters.

CEO.."Demand remains Vigorous"

CFO.. regarding returns to shareholders( share buybacks).."Current liquidity and balance sheet provide oppurtunity, no timeframe as of yet"

At these prices, buybacks are a bargain.

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