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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Air Canada    AC   CA0089118776

AIR CANADA

(AC)
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Air Canada : looks to grow cargo business, pilots ratify contract changes

11/27/2020 | 09:23am EST

MONTREALAir Canada pilots have ratified changes to their contract that the airline says will help it grow its cargo business.

The Montreal-based airline has seen its business plunge this year as travellers stopped flying due to the pandemic, however the airline has been looking to grow in other ways including cargo flights.

Air Canada says it operates up to 100 international, all-cargo flights a week.

It says the contract changes will help it competitively operate dedicated cargo aircraft and that it is working to covert several of its Boeing 767-300ER aircraft recently retired from passenger service to all-freighter aircraft.

Air Canada also announced the appointment of Jason Berry as vice-president, cargo, effective Jan. 1.

Berry joins Air Canada from Alaska Airlines' wholly owned subsidiary McGee Air Services, where he was president. He led Alaska Airlines' cargo business from 2012 until June 2019.

This report by The Canadian Press was first published Nov. 27, 2020.

Companies in this story: (TSX:AC)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 5 938 M 4 663 M 4 663 M
Net income 2020 -4 039 M -3 172 M -3 172 M
Net Debt 2020 5 908 M 4 639 M 4 639 M
P/E ratio 2020 -1,73x
Yield 2020 -
Capitalization 7 936 M 6 231 M 6 231 M
EV / Sales 2020 2,33x
EV / Sales 2021 1,55x
Nbr of Employees 22 200
Free-Float 76,0%
Chart AIR CANADA
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Air Canada Technical Analysis Chart | AC | CA0089118776 | MarketScreener
Technical analysis trends AIR CANADA
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 28,58 CAD
Last Close Price 23,89 CAD
Spread / Highest target 46,5%
Spread / Average Target 19,6%
Spread / Lowest Target -12,1%
EPS Revisions
Managers and Directors
NameTitle
Calin Rovinescu President, Chief Executive Officer & Director
Vagn Ove SÝrensen Chairman
Michael Stewart Rousseau Chief Financial Officer & Deputy CEO
Catherine Dyer Chief Information Officer & Senior Vice President
Michael M. Green Independent Director
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