|Bid||21.70 x 0|
|Ask||21.71 x 0|
|Day's range||21.22 - 21.74|
|52-week range||15.57 - 23.54|
|Beta (5Y monthly)||2.40|
|PE ratio (TTM)||N/A|
|Earnings date||31 Jul 2023 - 04 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||29.13|
MONTREAL (Reuters) -Air Canada's pilots have ended a decade-long contract framework, opening the door to "full bargaining this summer," their union leadership said on Monday in a note to members seen by Reuters. Air Canada pilots have previously said they are pressing for "historic" gains to narrow the earnings gap with higher-paid aviators at U.S. carriers. Their counterparts at Onex Corp's WestJet Airlines reached a tentative agreement that would offer a 24% hourly raise over four years, plus other pay and benefits.
WestJet Airlines pilots will get a 24% hourly raise over four years, plus other pay and benefits as part of a tentative agreement reached in May, according to a copy seen by Reuters on Friday. The tentative agreement was reached by Onex Corp's WestJet and the Air Line Pilots Association (ALPA) less than 24 hours before the start of an expected strike at Canada's second-largest carrier. The deal, pending approval by WestJet pilots, is expected to put pressure on Air Canada as the larger rival faces a call from its pilots to narrow the earnings gap with higher-paid aviators in the United States.
MONTREAL (Reuters) -Air Canada said on Thursday that a precautionary ground stop on its flights has been lifted after the country's largest carrier faced a technical issue. Air Canada said in a statement it experienced a temporary issue with its communicator system, which is used to communicate with aircraft and monitor operational performance. The problem led to some delays, although the "system is now returning to normal," the carrier said in a statement.
A faceoff this week between WestJet Airlines and its pilots over pay could set the stage for aviators' demands in future bargaining with Air Canada. Pilots at Onex Corp-owned WestJet gave notice on Monday that they could go on strike as early as Friday, raising fears of travel disruptions during Canada's Victoria Day holiday weekend. On Thursday, WestJet said it had already cancelled its flights in anticipation of the strike.
Major airlines are benefitting from rising travel demand and airfares, as traffic rebounds to levels seen prior to the COVID-19 pandemic, despite contending with higher costs and strapped balance sheets. Canada, which lifted all COVID-related restrictions last year, has seen a strong rebound in international leisure and corporate travel, allowing airlines to raise fares and cover costs. "Our first quarter financial results exceeded both internal and external expectations and we expect demand to persist, supported by strong advance bookings for the remainder of the year," Air Canada CEO Michael Rousseau said in a statement.
MONTREAL (Reuters) -Air Canada pilots eyeing "historic" workplace gains said on Thursday that full bargaining with the carrier was likely to start this summer, before the end of their decade-long contract, according to a letter to union members. North American pilots are pressing for higher salaries and better scheduling after aviators made big gains in a recent deal with Delta Air Lines that delivers a 34% pay increase over four years. "Pilots at Air Canada are working at a steep discount compared to our North American competitors," the letter from the Air Canada Pilots Association (ACPA) seen by Reuters said.
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Kazzaz, who has been with the Canadian carrier for 13 years, helped steer the company through the early days of the pandemic, when the aviation industry was brought to a near standstill. Di Bert, who has served as CFO for both Bombardier and Pratt & Whitney Canada, will assume the role at Air Canada on July 1. The change comes at a time when Air Canada, like other North American carriers, faces cost pressures due to a labor shortage amid a rebound in travel.
MONTREAL (Reuters) -Air Canada pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines, union representatives told Reuters. A contract between Delta and its pilots that came into effect on Thursday delivers a 34% pay increase over four years, driving pressure on other U.S. carriers to reach similar deals. It is also galvanizing pilots at Canada's largest carrier.
Air Canada ( TSE:AC ) Full Year 2022 Results Key Financial Results Revenue: CA$16.6b (up 159% from FY 2021). Net loss...
Air Canada is confident that solid travel demand will lift its finances this year after a less than stellar end to 2022.
MONTREAL (Reuters) -The major pilots union in North America and the union representing Air Canada pilots have had initial talks about a merger at a time when airlines are under pressure to staff up to meet rebounding travel demand, representatives of the unions told Reuters. The Air Canada Pilots Association (ACPA) represents about 4,500 pilots who fly passengers and cargo for the airline. The Air Line Pilots Association (ALPA), the world's largest pilots union, represents more than 60,000 pilots in the United States and Canada.
Air Canada (ACDVF) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
The mean of analysts' price targets for Air Canada (ACDVF) points to a 25.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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The average of price targets set by Wall Street analysts indicates a potential upside of 32.3% in Air Canada (ACDVF). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Air Canada (ACDVF) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Air Canada ( TSE:AC...
Canada, which eased all COVID restrictions for travelers at the beginning of this month, has seen a strong rebound in travel as most countries have dropped such restrictions. "Travel is back with a strong momentum," said Lucie Guillemette, Air Canada's chief commercial officer told analysts. Air Canada shares rose 3.94% in morning trade.
Investing in stocks inevitably means buying into some companies that perform poorly. Long term Air Canada ( TSE:AC...
Air Canada on Thursday said it would buy electric planes for the first time with the acquisition of 30 battery-powered regional aircraft from Heart Aerospace, as more airlines turn to new technologies to lower emissions and fuel costs. Global airlines are stepping up plans to tackle climate change as they face mounting pressure from regulators and environmental groups over the impact of billions of extra passengers expected to take to the skies in coming decades. Sweden-based Heart's electric-hybrid aircraft under development will have capacity for up to 30 passengers and generate zero emissions when they enter service, which is expected in 2028, Canada's largest carrier said in a release.
Canada's largest carrier has wrestled with complaints over delayed and cancelled flights, but said in a statement it saw improvements in baggage handling and on-time performance during the week of Aug. 8, compared with the week of June 27. Carriers in the U.S. and Canada have cut thousands of flights as soaring travel demand following a pandemic-induced slump leads to cases of long lines and lost baggage at some major airports. Montreal-based Air Canada said in June it would cut its summer schedule to reduce passenger flows to manageable levels.
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.
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.
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.