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 > Share buybacks

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Post by thinkyourmoney on Nov 05, 2024 10:51am

Share buybacks

were supposed to start today. It would make sense that AC would be buying back the maximum allowable amounts per day while prices are so low.

100

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Comment by Form001 on Nov 05, 2024 11:33am

They can buy 100000 share every hour.

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Comment by xgbssxx on Nov 05, 2024 12:25pm

Yes, although it is a long game. We may seem some sell down here and there, so usually it is more just a steady amount daily. Nothing is showing up on sedi.ca as of yet, but usually they don't report transactions for at least a couple days. According to sedi.ca, Air Canada reported purchases 2-7 days in general after purchasing. For anyone that wants to access the filings, go to sedi.ca ...more

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Comment by Nordico on Nov 05, 2024 2:26pm

I expect they'll be front-loading the buybacks over the first few months as well; might as well buy as much as possible while the SP is low to mid-$20s.

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