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Air Canada (AC.TO)
| Previous close | 18.02 |
| Open | 18.29 |
| Bid | 18.60 x 0 |
| Ask | 18.61 x 0 |
| Day's range | 18.26 - 18.72 |
| 52-week range | 15.57 - 26.80 |
| Volume | |
| Avg. volume | 2,878,951 |
| Market cap | 6.662B |
| Beta (5Y monthly) | 2.47 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -9.17 |
| Earnings date | 31 Oct 2022 - 04 Nov 2022 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 25.93 |
- Reuters
Air Canada raises annual cost forecast, misses earnings
North American carriers are flying more passengers after a pandemic-induced slump, but face rising labor costs and high jet fuel prices, along with staffing shortages and congestion at some airports. Canada's largest carrier has wrestled with complaints over long lines and lost luggage at some hubs, but executives see improvements in baggage handling and demand for international travel as bright spots. Air Canada expects 2022 adjusted cost per available seat mile to be up about 15% to 17%, above 2019 levels, compared with a previous forecast of 13% to 15% higher.
- Reuters
United Airlines expands code-sharing pact with Air Canada
Airlines struggling with rising cost pressures and operational challenges expect improved demand for international travel to help cement their path towards profitability. Code-sharing allows an airline to sell seats on a flight operated by its partner, so that it can fly passengers to destinations it does not serve. Under the expanded deal, passengers who search for flights between the United States and Canada on United's or Air Canada's websites and apps will find more flight options and more access to each airline's seat inventory.
- Reuters
Air Canada temporarily bans pets from baggage hold, cites delays
MONTREAL (Reuters) -Air Canada said on Wednesday it will not allow animals in the baggage hold until Sept. 12 due to "longer than usual" delays at airports, as carriers and airports wrestle with complaints over lost luggage and long lines. Airlines in Europe, the United States and Canada are cancelling and delaying flights due to staffing shortages while traffic surges faster than expected after slumping during the pandemic. Passengers at airports from Toronto to Frankfurt have been sharing photos on social media of piled-up luggage near baggage belts.
