Air Canada looks to reduce CASM by 15% from 2012 levels over the next five years.
No-moat Air Canada reported second-quarter 2016 results that featured adjusted EPS ahead of consensus. Still, fare pressures continue for the carrier due to weakness in the Canadian market. We plan to trim our fair value estimate to CAD 12 from CAD 15 due to a lower forecast for unit revenue growth over the near to mid term.Air Canada’s passenger revenue increased 1.9% from the second quarter of 2016, reaching CAD 3.14 billion. We note persistent weakness in the Canadian market, where passenge...
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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