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Thread: What drives Air Canada's stock price?
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Old Nov 2, 2023 | 7:11 am
  #563  
Eagle2000
10 Countries Visited5 Years on Site
 
Join Date: Apr 2019
Location: YYZ,YYC,YUL,YVR,LAX,SFO
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Posts: 699
Originally Posted by JustSomeGuy1978
3'rd Qtr results appear to be positive, improved over Q2 at least. Stock remains 38% lower than the 52 week high though. Anyone betting on a strong Q4 and stock rebound?
Picked up 2,000 shares at $16.25 for a short term trade......

Headwinds:
1) Fuel costs (crude oil prices, predict $100/Barrel by years end)
2) predicting future demand drop...possible recession starting in Q1 2024
3) pilot strike

Every flight and airport I have been to/on has been packed. There is still too much liquidity out there sloshing around for people to spend thanks to moron central banks decisions to keep ZIRP for too long. IMO until Crypto/blockchain.NFT collapses there will be strong consumer demand for travel, especially international.
Last edited by Eagle2000; Nov 2, 2023 at 7:26 am
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