CA - Air Canada: Strong Growth Potential Given Falling Debt And Rising International Demand
2024-02-19 23:53:10 ET
Summary
- Air Canada is undervalued and could see growth above $30 based on substantial growth in international traffic.
- The company has shown strong performance, with operating revenues growing over 10% and a significant reduction in net debt to adjusted EBITDA.
- Revenue growth across the Atlantic segment in particular is highly encouraging for the future growth trajectory of the stock.
Investment Thesis: I take the view that Air Canada is undervalued at this time and could see growth above the $30 mark based on substantial growth in international traffic....
Air Canada: Strong Growth Potential Given Falling Debt And Rising International Demand