CA - Air Canada Stock: Undervalued Against Airline Peers Despite Strong Debt Reduction
2024-05-06 17:00:00 ET
Summary
- Air Canada's stock has not performed well, underperforming the S&P 500 by 18%.
- Despite cost pressures, Air Canada's revenues and earnings have grown, driven by strong performance in the Pacific market.
- Air Canada expects flat earnings growth in 2024, but has made progress in reducing debt. The stock is still considered a buy.