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Air Canada Class B AC

Rating as of

Morningstar’s Analysis

Valuation
Currency in CAD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Air Canada Remains in Stasis, But Canada Is Reopening Its Borders in the Third Quarter

Burkett Huey, CFA Equity Analyst

Analyst Note

| Burkett Huey, CFA |

No-moat rated Air Canada reported another difficult quarter due to low levels of travel, but we are maintaining our CAD 28 fair value estimate. Canada continues to be more restrictive in its domestic and international travels than its southern neighbor, but the country announced it would soon ease restrictions considerably.

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Company Profile

Business Description

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2020, the company generated about CAD 6 billion in total revenue, down from $19 billion in 2019 due to the pandemic and related travel restrictions.

Contact
7373 Cote Vertu Boulevard West, Air Canada Centre
Saint-Laurent, QC, H4S 1Z3, Canada
T +1 514 422-6644
Sector Industrials
Industry Airlines
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 21,113