Air Canada Shs Voting and Variable Voting

AC: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 27.10	Nfntv	Llzdtdkj

Air Canada Earnings: Hot Summer Quarter Doesn’t Buck the Long-Term Cost Growth Trend

Nicolas Owens

Oct 31, 2023

With no-moat Air Canada's third-quarter financial results and revised 2023 expectations in hand, we have lowered our fair value estimate to CAD 15 from CAD 18.

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