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  5. AC: Hi folks, thoughts/opinion on pre-lim Q2 results for Air Canada. [Air Canada Voting and Variable Voting Shares]
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Q: Hi folks, thoughts/opinion on pre-lim Q2 results for Air Canada...looks to be beat on Adj. EBITDA but miss on Revenue....started 1/2 position last week at $23.12...now trading $25sh range....would U add to position to complete full position with future looking better...& would U rate as Buy/Hold/Sell....thanks as always, jb Piedmont QC

Asked by John on July 23, 2021
5i Research Answer:

Operating revenue missed estimates, but the cash burn was less than expected. Revenue rose 59% and cash burn fell 42%. A restrictions ease this looks to be a 'turning the quarter' quarter, and our positive thesis over a two year period looks to remain intact. We would rate it as a BUY.