Air Canada

AC-T

TSE:AC

51.08
0.71 (1.37%)
Air Canada is the flag carrier and largest airline of Canada. The airline, founded in 1937, provides scheduled and charter air transport for passengers and cargo to 182 destinations worldwide.
More at Wikipedia

Analysis and Opinions about AC-T

Signal
Opinion
Expert
BUY
BUY
January 16, 2020
It has been hitting record highs. It is among their top 5 holdings They upgraded their fleet. Their purchase of Aeroplan will be very accretive. There is room for them to grow nicely.
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Air Canada (AC-T)
January 16, 2020
It has been hitting record highs. It is among their top 5 holdings They upgraded their fleet. Their purchase of Aeroplan will be very accretive. There is room for them to grow nicely.
BUY WEAKNESS
BUY WEAKNESS
January 14, 2020
Has done very well, but she avoids airline stocks because of cyclicality and heavy capital investments. Doesn't know if it will pullback. Airlines didn't pass the savings in jet fuel (oil) to passengers. AC is well-positioned in Canada; there's little choice in Canada. The rise of immigration helps AC, because they immigrants will travel to their home countries to visit. Wait for a pullback.
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Air Canada (AC-T)
January 14, 2020
Has done very well, but she avoids airline stocks because of cyclicality and heavy capital investments. Doesn't know if it will pullback. Airlines didn't pass the savings in jet fuel (oil) to passengers. AC is well-positioned in Canada; there's little choice in Canada. The rise of immigration helps AC, because they immigrants will travel to their home countries to visit. Wait for a pullback.
BUY
BUY
January 10, 2020
His model price is $56.49. He would buy it here and sees great support at current levels. It would be fully valued at $66.
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Air Canada (AC-T)
January 10, 2020
His model price is $56.49. He would buy it here and sees great support at current levels. It would be fully valued at $66.
BUY
BUY
January 8, 2020

One of his best stocks last year. Cheap, trades at only 10x earnings. Airlines have seen consolidation which has benefited all companies, making them more efficient. AC offers good growth and has signed a labour agreement that reduces cost structure. Fuel costs are stable, another plus. AC has nearly $3 billion in excess cash to grow their business or buyback shares. AC carries little debt. Also, AC has execution risk buying Westjet. Overall, AC is well-run. Airlines now remind him of when the rails were consolidating after many bad years then became more efficient and profitable.

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Air Canada (AC-T)
January 8, 2020

One of his best stocks last year. Cheap, trades at only 10x earnings. Airlines have seen consolidation which has benefited all companies, making them more efficient. AC offers good growth and has signed a labour agreement that reduces cost structure. Fuel costs are stable, another plus. AC has nearly $3 billion in excess cash to grow their business or buyback shares. AC carries little debt. Also, AC has execution risk buying Westjet. Overall, AC is well-run. Airlines now remind him of when the rails were consolidating after many bad years then became more efficient and profitable.

COMMENT
COMMENT
December 19, 2019

Aeroplan is making changes to this points program which is upsetting cardholders. Trades at 10x earnings, cheaper than American peers. They've done a great job executing well. The airlines have consolidated a lot. Loyalty plans will continue to change; they're so pervasive that the plans have the power to change them. TD now has access to this plan.

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Air Canada (AC-T)
December 19, 2019

Aeroplan is making changes to this points program which is upsetting cardholders. Trades at 10x earnings, cheaper than American peers. They've done a great job executing well. The airlines have consolidated a lot. Loyalty plans will continue to change; they're so pervasive that the plans have the power to change them. TD now has access to this plan.

BUY
BUY
December 17, 2019
Great company. The whole airline space has changed drastically. They're quite profitable, given strong travel demand. AC has good routes and airports. They will continue to do well. Generates solid free cash flow. But this space is more competitive than before.
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Air Canada (AC-T)
December 17, 2019
Great company. The whole airline space has changed drastically. They're quite profitable, given strong travel demand. AC has good routes and airports. They will continue to do well. Generates solid free cash flow. But this space is more competitive than before.
TOP PICK
TOP PICK
November 20, 2019
He likes industrials and consumer stocks. They have done a great job reducing debts, adding new routes and it trades at a discount to the peer group. The earnings multiple has room to expand as the business has become de-risked. Aeroplan will add to their cash flow as well. Yield 0% (Analysts’ price target is $56.75)
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Air Canada (AC-T)
November 20, 2019
He likes industrials and consumer stocks. They have done a great job reducing debts, adding new routes and it trades at a discount to the peer group. The earnings multiple has room to expand as the business has become de-risked. Aeroplan will add to their cash flow as well. Yield 0% (Analysts’ price target is $56.75)
DON'T BUY
DON'T BUY
October 4, 2019
It's done an excellent job of building its flight base. It's still an airline and the business is very fragile if there's an economic pullback. Wouldn't add to positions right now. The multiple is quite low but would sit on the side lines.
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Air Canada (AC-T)
October 4, 2019
It's done an excellent job of building its flight base. It's still an airline and the business is very fragile if there's an economic pullback. Wouldn't add to positions right now. The multiple is quite low but would sit on the side lines.
DON'T BUY
DON'T BUY
September 6, 2019
The airline sector is a very high beta space -- it does well when the economy does well. You really want to buy when the market has corrected -- like after a crash or terrorist event. He would not be a buyer here. Those who have held them long term have not tended to do well.
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Air Canada (AC-T)
September 6, 2019
The airline sector is a very high beta space -- it does well when the economy does well. You really want to buy when the market has corrected -- like after a crash or terrorist event. He would not be a buyer here. Those who have held them long term have not tended to do well.
PAST TOP PICK
PAST TOP PICK
September 3, 2019
(A Top Pick Aug 17/18, Up 85%) He sold and rotated his shares elsewhere. AC has done a remarkable job of turning around their business: re-did their fleet, grew internationally, re-did their loyalty program, paid down debt. Fantastic managers. But it'll be tough for airlines with the Max 8 issue and a slowdown will hurt airline demand--that's why he exited.
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Air Canada (AC-T)
September 3, 2019
(A Top Pick Aug 17/18, Up 85%) He sold and rotated his shares elsewhere. AC has done a remarkable job of turning around their business: re-did their fleet, grew internationally, re-did their loyalty program, paid down debt. Fantastic managers. But it'll be tough for airlines with the Max 8 issue and a slowdown will hurt airline demand--that's why he exited.
PAST TOP PICK
PAST TOP PICK
July 30, 2019
(A Top Pick Jul 24/18, Up 107%) The global airline space has been transforming such that those airlines still surviving are doing quite well. This company was particularly levered to the space improving. They bought back Aeroplan and that will add to their profitability.
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Air Canada (AC-T)
July 30, 2019
(A Top Pick Jul 24/18, Up 107%) The global airline space has been transforming such that those airlines still surviving are doing quite well. This company was particularly levered to the space improving. They bought back Aeroplan and that will add to their profitability.
PARTIAL SELL
PARTIAL SELL
July 24, 2019
Airlines have not been a choice for him for years, due to high capital requirements, involvement with unions and commodity price exposure. He would take profits at these levels as it looks expensive here.
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Air Canada (AC-T)
July 24, 2019
Airlines have not been a choice for him for years, due to high capital requirements, involvement with unions and commodity price exposure. He would take profits at these levels as it looks expensive here.
BUY
BUY
July 24, 2019
For RRSP It's up 101% in 12 months. On fire. It's been a long time coming. Sadly, he doesn't own it. It's still reasonably valued and has price momentum. He's watching it closely. US airlines are doing well. In Canada in recent months, the competition has declined with M&A. All this is positive for AC-T. AC checks off all the boxes. The middle class is flying more and driving business.
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Air Canada (AC-T)
July 24, 2019
For RRSP It's up 101% in 12 months. On fire. It's been a long time coming. Sadly, he doesn't own it. It's still reasonably valued and has price momentum. He's watching it closely. US airlines are doing well. In Canada in recent months, the competition has declined with M&A. All this is positive for AC-T. AC checks off all the boxes. The middle class is flying more and driving business.
PAST TOP PICK
PAST TOP PICK
July 22, 2019

(A Top Pick Feb 05/19, Up 42%) Integrating Aeroplan went smoothly and low oil prices helped. Taking out Air Transat would really be accretive to AC. But the grounding of the Boeing 737 could impact AC by creating tighter capacity and higher plane tickets. The biggest concern is the overall economy, though he expects the economy to remain positive.

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Air Canada (AC-T)
July 22, 2019

(A Top Pick Feb 05/19, Up 42%) Integrating Aeroplan went smoothly and low oil prices helped. Taking out Air Transat would really be accretive to AC. But the grounding of the Boeing 737 could impact AC by creating tighter capacity and higher plane tickets. The biggest concern is the overall economy, though he expects the economy to remain positive.

PAST TOP PICK
PAST TOP PICK
July 18, 2019

(A Top Pick Jul 27/18, Up 89%) Great job of investing in their business, expanded internationally, grown loyalty plans, new AmEx platform. Great modern fleet. Acquiring Transat. Too late to get in now, based on the economic cycle.

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Air Canada (AC-T)
July 18, 2019

(A Top Pick Jul 27/18, Up 89%) Great job of investing in their business, expanded internationally, grown loyalty plans, new AmEx platform. Great modern fleet. Acquiring Transat. Too late to get in now, based on the economic cycle.

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