Originally Posted by
tcook052
http://business.financialpost.com/20..._lsa=0400-efb5
Air Canada, already coming off a rally that has sent the stock up more than tenfold from its lows in 2012, is setting the stage for a “multi-year ramp in its earnings,” says Cormark Securities analyst David Newman.
Ha. Just a couple of days ago, the Post was saying this:
Mr. Cherniavsky also pointed out that the rate cut caused the Canadian dollar to further weaken, which will lead to higher airline operating costs and lower demand for travel abroad.
“But demand is just one side of the yield equation,” the analyst told clients. “The other is supply, which remains an equally concerning issue in Canada.”
http://business.financialpost.com/20...anadian-peers/
Take your pick.