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What drives Air Canada's stock price?

What drives Air Canada's stock price?

Old Oct 5, 21, 4:12 pm
  #511  
 
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https://www.bnnbloomberg.ca/rbc-cuts...very-1.1662041

RBC downgrades AC stock to sector perform.
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Old Oct 6, 21, 9:14 am
  #512  
 
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Originally Posted by tracon View Post
https://www.bnnbloomberg.ca/rbc-cuts...very-1.1662041

RBC downgrades AC stock to sector perform.
On the other hand, have you noticed whats been happening with Aimia?
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Old Oct 9, 21, 12:40 am
  #513  
 
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https://www.bnnbloomberg.ca/air-cana...kets-1.1663422

Air Canada investors shouldn’t be concerned about the airline heading back to the public markets to raise cash any time soon, according to Chief Executive Officer Michael Rousseau.
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Old Oct 10, 21, 9:03 pm
  #514  
 
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Originally Posted by tracon View Post
https://www.bnnbloomberg.ca/air-cana...kets-1.1663422

Air Canada investors shouldnt be concerned about the airline heading back to the public markets to raise cash any time soon, according to Chief Executive Officer Michael Rousseau.
with stock price near the lows ($23), they shouldn't either
Maybe do it when they go to $29's, if ever
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Old Apr 21, 22, 5:20 am
  #515  
 
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United, Delta, and American all expect to be profitable this year. AC's first quarter will be very interesting - seems that forward bookings are very strong based on limited availability and prices. It is trading about $24 and the average price target is around $30. Certainly seems positive. Good time to buy shares.
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Old Apr 21, 22, 6:20 am
  #516  
 
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Originally Posted by EdmFlyBoi View Post
United, Delta, and American all expect to be profitable this year. AC's first quarter will be very interesting - seems that forward bookings are very strong based on limited availability and prices. It is trading about $24 and the average price target is around $30. Certainly seems positive. Good time to buy shares.
Personally I would like to see what their revenue from Business Class is before I invest and how it compares to pre-COVID. That is where all the profits are made in the airlines. Economy class revenue almost acts as a loss-leader....note I said almost, no flaming please,lol.

Another concern is how they hedged fuel prices, I recall that is the third or second largest expense.

Thirdly these high and fast climbs in oil prices (look at 2008) usually precede recessions....people will spend/travel less.

Buyer beware...
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Old Jun 16, 22, 11:01 am
  #517  
 
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Originally Posted by Nitehawk View Post
I have a hard time wanting to buy AC stock right now, last time I bought AC stock it was about $12 IIRC and they were profitable.
Looks like I might have a chance to get in at $12 soon!
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Old Jun 16, 22, 12:31 pm
  #518  
 
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LOL Pandemic prices are back. Anyone know why its dropping ? Did I miss a short seller frenzy or multiple downgrades ?
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Old Jun 16, 22, 12:49 pm
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Originally Posted by vernonc View Post
Anyone know why its dropping ?
Recession fears, high oil prices are two potential factors.
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Old Jun 16, 22, 1:24 pm
  #520  
 
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Originally Posted by ChrisA330 View Post
Recession fears, high oil prices are two potential factors.
Yes, but that's been a fear for a few months. Wondering why its dropping now. Any other bad news or some major institutional investors bailing ?
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Old Jun 16, 22, 2:02 pm
  #521  
 
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Originally Posted by vernonc View Post
Yes, but that's been a fear for a few months. Wondering why its dropping now. Any other bad news or some major institutional investors bailing ?
The entire market is down
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Old Jun 16, 22, 2:03 pm
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Well the broader market is also tanking. Googling revealed some key points:
​​​
  • High demand and high pricing offset by higher costs.
  • High inflation and or recession looming, potentially a bad fall/winter season.
  • Easy to cut spending on airfares for corporations and individuals alike when times get tough, so demand could fall drastically if the economy falters.
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Old Jun 16, 22, 8:32 pm
  #523  
 
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With the Westjet decision to retreat to the West and concentrate on it's roots as a LCC.. will we see a big jump (hopefully just with the shares.. not the fares!)

Ron.
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Old Jun 17, 22, 12:42 pm
  #524  
 
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I bought 500 shares today at 16.99. I think it's a good buy and undervalued. Who knows though. Rough market.
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Old Jun 17, 22, 1:04 pm
  #525  
 
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Originally Posted by ChrisA330 View Post
Recession fears, high oil prices are two potential factors.
Don't airlines generally sign long term fuel supply agreements in an attempt to protect themselves from price fluctuations. I'd imagine, depending on when those contracts expire, that there would be price shocks to the current elevated prices. Perhaps this is a factor.
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