Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s):  ACDVF

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

TSX:AC - Post Discussion

Air Canada > This is a Buying Opportunity
View:
Post by DrInvestor on May 06, 2024 9:09pm

This is a Buying Opportunity

2024-05-03 07:32 ET - In the News

The Globe and Mail reports in its Friday, May 3, edition that ATB Capital analyst Chris Murray has reaffirmed his "outperform" recommendation for Air Canada. The Globe's David Leeder writes that Mr. Murray raised his share target by a loonie to $33. Analysts on average target the shares at $27.56. Investors punished Air Canada by sending its shares plummeting 8.4 per cent on Thursday after it swung to a loss in the first quarter. However, Mr. Murray saw the results as strong, emphasizing the airline's increased capacity and impressive load factors. Mr. Murray says in a note: "Management remained upbeat on the company's outlook as demand conditions remain supportive and are expected to receive a boost from Sixth Freedom traffic and normalizing business travel in 2024. Management reaffirmed full-year guidance and confirmed that it hedged 50 per cent of expected fuel consumption for Q2/24 at Q1/24 prices. The balance sheet continues to improve, as evidenced by a recent upgrade positioning Air Canada returns to shareholders over the medium term. Given the current demand environment and increased balance sheet flexibility, we remain constructive on Air Canada and see [Thursday's] weakness as a buying opportunity."

Comment by 82Supra on May 07, 2024 10:50am
I loaded up last time it was down in 18.50s.  Wish I had more to do so again
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities