Air Canada continues to transform its business but faces stiff competition on international routes.
We are transferring coverage of two Canadian airlines, WestJet and Air Canada. Both carriers are slightly undervalued but neither is a bargain and we don’t detect economic moats for the carriers. The price to fair value for WestJet and Air Canada stands at 0.87 and 0.78, respectively. We think investors are cautious due to concerns over the Canadian economy, continued capacity expansion from both carriers, and the potential for higher fuel prices in 2017. While we think Air Canada is more attrac...Air Canada is a domestic and international airline Company. Co. is engaged in the provision of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Through its subsidiaries, Co. also operates in low-cost carriers segment, providing service to customers in lower density markets and also in higher density markets at off-peak times throughout Canada and the United States. Co. also provides air cargo services on domestic and the U.S. transborder flights; tour operator services which operate in the outgoing leisure travel market; and ground handling services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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