Air Canada Flies Through Higher Fuel Costs and Storms to Post a Solid 1Q
No-moat Air Canada posted first-quarter 2018 results that beat consensus expectations but still featured an operating loss of CAD 14 million on a GAAP basis, which is not unusual during the first quarter. The carrier has reported an operating loss every first quarter since 2008 except for 2015, including a CAD 30 million loss in the first quarter of 2017.ÂAlthough we’ve moved up our fuel costs for 2018, we haven’t altered our midcycle forecasts and better-than-expected cost performance should h...
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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