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Air Canada: 8 directors
Eight Directors at Air Canada bought 13,191 shares at 18.091CAD. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
- VRS RESEARCH TEAM
AIR CANADA Flash Note
# Canadian Equities # US Equities # Equity Research | Equity Research, Fundamental Analysis, Earnings Estimates | Air Canada is a Canada-based airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and in the international market to and from Canada.
AIR CANADA INC reduces its risk exposure and slightly improves to Neut...
The independent financial analyst theScreener just allocated a lower risk rating to AIR CANADA INC (CA), active in the Airlines industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date March 22, 2022, the closing price was CAD 24.36 and its expected value...
Air Canada to Resume Boeing 737 MAX Commercial Operations February 1, ...
Air Canada to Resume Boeing 737 MAX Commercial Operations February 1, 2021 Attention Editors: Message from Captain Murray Strom here MONTREAL, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Air Canada today said that following Transport Canada’s (TC) Airworthiness Directive and January 20, 2021 lifting of the existing Notice to Airmen (NOTAM) for the Boeing 737 MAX aircraft, the aircraft ungrounding by regulatory bodies worldwide, and the carrier’s own independent assessments of the aircraft and operating procedures by its specialized safety and flight operations experts, it will be resuming Boeing ...
Air Canada reprendra l’exploitation commerciale du 737 MAX de Boeing l...
Air Canada reprendra l’exploitation commerciale du 737 MAX de Boeing le 1er février 2021 À l’attention des rédacteurs en chef : Message du commandant Murray Strom ici MONTRÉAL, 18 janv. 2021 (GLOBE NEWSWIRE) -- Air Canada a annoncé aujourd’hui qu’à la suite de la consigne de navigabilité émise pour les 737 MAX de Boeing et de la levée le 20 janvier 2021 de l’avis aux aviateurs (NOTAM) par Transports Canada (TC), de même que l’annulation de l’immobilisation de ces avions par les organismes de réglementation à l’échelle mondiale ainsi que des évaluations indépendantes de ces appareils et ...
Air Canada annonce l’exercice partiel de l’option de surallocation dan...
Air Canada annonce l’exercice partiel de l’option de surallocation dans le cadre du placement d’actions NE PAS DIFFUSER SUR LES FILS DE PRESSE AMÉRICAINS NI DISTRIBUER AUX ÉTATS‑UNIS MONTRÉAL, 18 janv. 2021 (GLOBE NEWSWIRE) -- Air Canada (TSX : AC) (la « Société ») a annoncé aujourd’hui que, dans le cadre de son placement public commercialisé et négocié hors séance qu’elle avait annoncé antérieurement de 35 420 000 actions à droit de vote variable de catégorie A et/ou actions à droit de vote de catégorie B de la Société (les « actions ») réalisé le 30 décembre 2020 (le « placement »), ...
Air Canada Announces Partial Exercise of Over-Allotment Option in Conn...
Air Canada Announces Partial Exercise of Over-Allotment Option in Connection with Offering of Shares NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Air Canada (TSX:AC) (the “Company”) announced today that, in connection with its previously announced overnight marketed public offering of 35,420,000 Class A Variable Voting Shares and/or Class B Voting Shares of the Company (“Shares”) completed on December 30, 2020 (the “Offering”), the underwriters exercised their over-allotment option to purchase an ad...
Air Canada Implements Additional Capacity and Workforce Reductions
Air Canada Implements Additional Capacity and Workforce Reductions First quarter planned system capacity further reduced by 25 per cent due to new pre-departure testing requirements, provincial lockdowns and travel restrictions1700 employees affected MONTREAL, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Air Canada announced today it is adjusting its network under its COVID-19 Mitigation and Recovery Plan by further reducing first quarter system capacity by an additional 25 per cent. As a result of these system-wide changes, there will be a workforce reduction of approximately 1700 employees, in ad...
Air Canada procède à de nouvelles réductions de capacité et compressio...
Air Canada procède à de nouvelles réductions de capacité et compressions d’effectif Réduction supplémentaire de la capacité réseau prévue au premier trimestre de 25 pour cent en raison de nouvelles exigences de test de dépistage avant le départ, de restrictions voyages et de confinements provinciaux.Ces changements touchent 1700 employés. MONTRÉAL, 13 janv. 2021 (GLOBE NEWSWIRE) -- Air Canada a annoncé aujourd’hui des rajustements de son réseau dans le cadre de son plan d’atténuation des contrecoups de la COVID-19 et de reprise consistant en une réduction supplémentaire de la capacité ré...
Air Canada reçoit une certification de niveau diamant de l’APEX pour l...
Air Canada reçoit une certification de niveau diamant de l’APEX pour le programme de biosécurité Air Canada SoinPropre+ en réponse à la COVID-19 Seul transporteur aérien au Canada et l’un des premiers au monde à atteindre le rang le plus élevé pour ses mesures de santé et de sécurité MONTRÉAL, 12 janv. 2021 (GLOBE NEWSWIRE) -- Air Canada est aujourd’hui reconnue champion mondial pour son engagement à l’égard de la sécurité sanitaire de ses clients et de ses employés, avec la certification de niveau diamant attribuée par l’APEX, en collaboration avec SimpliFlying. Cette certification salu...
Air Canada Receives APEX’s Diamond Status Certification For Its CleanC...
Air Canada Receives APEX’s Diamond Status Certification For Its CleanCare+ Biosafety Program in Response to COVID-19 Only airline in Canada and one of the first in the world to attain the highest possible ranking in recognition of the airline’s health and safety measures MONTREAL, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Air Canada today was certified as a global champion for its commitment to the health and safety of customers and employees as it received the Diamond certification from the APEX Health Safety powered by SimpliFlying. This recognizes the numerous initiatives Air Canada has taken...
Air Canada annonce un placement d’actions
Air Canada annonce un placement d’actions NE PAS DIFFUSER SUR LES FILS DE PRESSE AMÉRICAINS NI DISTRIBUER AUX ÉTATS-UNIS MONTRÉAL, 15 déc. 2020 (GLOBE NEWSWIRE) -- Air Canada (TSX : AC) (la « Société ») a annoncé aujourd’hui avoir entamé un placement public commercialisé et négocié hors séance d’actions à droit de vote variable de catégorie A et/ou d’actions à droit de vote de catégorie B (les « actions ») censé rapporter un produit brut d’environ 850 millions de dollars canadiens (le « placement »). La Société a l’intention d’accorder aux preneurs fermes une option, pouvant être exercé...
Air Canada Announces Offering of Shares
Air Canada Announces Offering of Shares NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Air Canada (TSX:AC) (the “Company”) today announced that it has commenced an overnight marketed public offering of Class A Variable Voting Shares and/or Class B Voting Shares of the Company (“Shares”) for gross proceeds of approximately C$850 million (the “Offering”). The Company intends to grant the underwriters an option to purchase up to an additional 15% of the Shares in the Offering, exercisable in whole or in p...
- Danny Goode
Morningstar | Shares Jump on Air Canada's Agreement to Acquire Air Tra...
Shares for no-moat Air Canada rallied 4% after it announced an exclusive agreement to acquire Transat AT, owner of Air Transat, in a deal valued at CAD 520 million. The CAD 13 per share purchase price comes in at a 20% premium to Transat AT’s market price. We plan to leave our fair value estimate unchanged following the announcement as we believe increased fleet complexity offsets the benefits of gaining capacity in tight east Canadian markets. With Air Canada absorbing almost 3% of Canadian s...
- Danny Goode
Shares Jump on Air Canada's Agreement to Acquire Air Transat; Maintain...
Shares for no-moat Air Canada rallied 4% after it announced an exclusive agreement to acquire Transat AT, owner of Air Transat, in a deal valued at CAD 520 million. The CAD 13 per share purchase price comes in at a 20% premium to Transat AT’s market price. We plan to leave our fair value estimate unchanged following the announcement as we believe increased fleet complexity offsets the benefits of gaining capacity in tight east Canadian markets. With Air Canada absorbing almost 3% of Canadian s...
- Danny Goode
Morningstar | Air Canada Books Solid First Quarter Despite MAX Groundi...
We’re reaffirming our CAD 33 fair value estimate for Air Canada following first-quarter results that revealed the extent of management’s MAX grounding contingency plans. Though its 24 MAX aircraft comprised a fifth of its narrow body fleet, management assuaged MAX grounding pressure in the first quarter by strategically pulling capacity from underperforming routes, delaying new route launches, and opportunistically leasing aircraft. We assumed accommodating MAX chartered itineraries and limi...
- Danny Goode
Morningstar | Air Canada Books Solid First Quarter Despite MAX Groundi...
We’re reaffirming our CAD 33 fair value estimate for Air Canada following first-quarter results that revealed the extent of management’s MAX grounding contingency plans. Though its 24 MAX aircraft comprised a fifth of its narrow body fleet, management assuaged MAX grounding pressure in the first quarter by strategically pulling capacity from underperforming routes, delaying new route launches, and opportunistically leasing aircraft. We assumed accommodating MAX chartered itineraries and limi...
- Danny Goode
Air Canada Books Solid First Quarter Despite MAX Groundings; Maintaini...
We’re reaffirming our CAD 33 fair value estimate for Air Canada following first-quarter results that revealed the extent of management’s MAX grounding contingency plans. Though its 24 MAX aircraft comprised a fifth of its narrow body fleet, management assuaged MAX grounding pressure in the first quarter by strategically pulling capacity from underperforming routes, delaying new route launches, and opportunistically leasing aircraft. We assumed accommodating MAX chartered itineraries and limi...
- Danny Goode
Morningstar | Grounded 737 MAX Aircraft Will Crimp Air Canada's Shift ...
Air Canada has successfully implemented a transformation program, with its last operating loss in 2012. Improved operating results are partially due to oil prices easing off highs in 2012 and 2013, when oil breached over $100, but Air Canada has taken separate measures to improve the cost profile of its network. Namely, the carrier implemented its first major revenue and cost transformation program back in 2009 and since then has engaged in route optimization, schedule changes, and fleet retooli...
- Danny Goode
Grounded 737 MAX Aircraft Will Crimp Air Canada's Shift to Growth and ...
We plan to lower our fair value estimates for Southwest, Air Canada, and Westjet by 5%-6% after U.S. and Canadian authorities grounded Boeing 737 MAX aircraft following the second fatal crash in five months. Among the names we cover, the indefinite grounding affects Southwest, American Airlines, United Continental, Air Canada, and Westjet. We find Southwest, Air Canada, and Westjet the most affected because MAX aircraft make up 8% of Air Canada’s current fleet and most of its 2019 aircraft del...
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