Alvin Man
Air Canada (OTCQX:ACDVF) is the largest airline in Canada.
Air Canada’s stock declined from 2020 given the pandemic, and it hasn’t recovered since, despite its passenger load factor exceeding 2019 levels.
Given stronger demand, a good passenger load factor, and more affordable fuel costs than 2022, Air Canada is currently fairly profitable in terms of the last twelve months.
Air Canada management is using the profits and free cash flow to pay down its debt.
Q3 2023
Air Canada is profitable in terms of the trailing twelve months as of Q3 2023 with the third quarter being one of the stronger quarters. Historically, Air Canada’s profits/losses fluctuate fairly substantially from quarter to quarter, with fiscal second quarter and fiscal third quarter typically being the stronger quarters.
In the third quarter of 2023, Air Canada had operating revenues of C$6.344 billion, up 19% year over year.
Operating income was C$1.415 billion, up C$771 million year over…
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