Air Canada Shs Voting and Variable Voting
AC: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CAD 37.70 | Dmxq | Krpvncgxv |
Air Canada Reports Promising Q1 Results Despite Difficult Months From Omicron
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No-moat-rated Air Canada reported improved results as the firm continues its recovery from pandemic-ridden 2021. The firm is the most internationally-focused airline in our North American coverage and Canada maintained significant domestic travel restrictions in 2021, so the firm did not recover in line with U.S. peers. Sales of CAD 2.6 billion and loss per share of CAD 2.72 missed FactSet Consensus by 4.8% and 67.9%, respectively.