Air Canada Shs Voting and Variable Voting
AC: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 96.00 | Pgyk | Zcfmtqgh |
Air Canada Earnings: Slower Growth, Lower Yields Will Test Cost Discipline; Cutting Fair Value 9%
After reviewing no-moat Air Canada's second-quarter 2024 results and full-year expectations, we have lowered our fair value estimate to CAD 13 from CAD 14.30 to reflect slower growth, lower yields, and looming cost growth.