Q: Is AIR Canada a buy. It looks cheap. US Airlines have been reporting good earnings. Will AC report a good Quarter ?It has a lot of International travelers .
Is the problem that there are so many Airlines to consider that AC is at the bottom of the pile and has little interest to the investor and then only to Canadian Investor and not USA investor ? When is next quarter coning ? Thanks a lot RAK
Is the problem that there are so many Airlines to consider that AC is at the bottom of the pile and has little interest to the investor and then only to Canadian Investor and not USA investor ? When is next quarter coning ? Thanks a lot RAK
5i Research Answer:
AC reports Feb 16 (estimated). It is very cheap, but has missed numbers in the past. It has missed in four of the last eight quarters. But the 3Q was very strong and we would expect decent results which includes the Xmas travel season. Because AC has needed government assistance in the past, many US investors may consider it of lessor quality, and it is also smaller than many of the US carriers so may be less attractive to large institutional funds.