|Bid||43.88 x N/A|
|Ask||43.90 x N/A|
|Day's Range||43.29 - 44.35|
|52 Week Range||22.57 - 47.43|
|Beta (3Y Monthly)||0.40|
|PE Ratio (TTM)||10.47|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||52.96|
Three months after the offer was first announced, Transat A.T. Inc. (TRZ) shareholders will decide whether to approve Air Canada’s (AC) proposed acquisition of the company on Friday.
MONTREAL, Aug. 22, 2019 /CNW Telbec/ - Air Canada is proud to celebrate the 35th anniversary of Aeroplan, Canada's premier travel loyalty program. To mark 35 years of loyalty, Aeroplan is launching its biggest contest yet, with the opportunity for 45 lucky members to win a total of 38.5 million miles. From August 22 to September 25, Aeroplan is offering members two ways to win.
Air Canada (TSX:AC)(TSX:AC.B) and Cargojet Inc. (TSX:CJT) have been rewarding investors the last few years, as they improve their efficiency and are impacted by a huge increase in demand for their services.
MONTREAL , Aug. 21, 2019 /CNW Telbec/ - Michael Rousseau, Deputy Chief Executive Officer & Chief Financial Officer at Air Canada, will participate in a fireside chat at the Cowen 12th Annual Global Transportation ...
MONTREAL, Aug. 14, 2019 /CNW Telbec/ - Air Canada today announced the first two new routes to be operated with the Airbus A220-300, the only non-stop service between Montreal and Seattle and between Toronto and San Jose, California, both beginning in spring 2020. As well, the carrier also provided a first look at the interior features of its newest aircraft, which will offer customers a choice of Business and Economy Class service, its newest in-flight entertainment system, onboard Wi-Fi and more.
MONTREAL, Aug. 14, 2019 /CNW Telbec/ - Air Canada today announced it will operate year-round, non-stop service between Montreal and Seattle on its newest narrowbody aircraft, the Airbus A220-300. The new flight, which offers customers Business and Economy class service with Air Canada's newest in-flight entertainment system, onboard Wi-Fi and more, will start in the spring of 2020. "With the only non-stop service between the two cities, Air Canada is strengthening its position in the Seattle market and providing yet another key link for business and leisure travellers alike.
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,350.84, down 113.07 points).Encana Corp. (TSX:ECA). Energy. Up nine cents, or 1.55 per cent, to $5.88 on 7.7 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Up 17 cents, or 0.71 per cent, to $23.97 on 7.6 million shares.Yamana Gold Inc. (TSX:YRI). Down 12 cents, or 2.69 per cent, to $4.34 on 7.4 million shares.B2Gold Corp. (TSX:BTO). Materials. Down nine cents, or 1.84 per cent, to $4.80 on 6.8 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 15 cents, or 2.28 per cent, to $6.44 on 6.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 1.16 per cent, to $1.75 on 5.3 million shares.Companies in the news:Air Canada (TSX:AC). Down 26 cents to $43.50. A Quebec Superior Court judge has authorized a class action lawsuit against Air Canada over fuel surcharges. The lawsuit, approved to proceed as a class action Monday, argues the country's largest airline "illegally overcharged its customers" by more than double the cost of fuel on some flights. Michael Vathilakis, the petitioners' lawyer, said Air Canada misrepresented the stated purpose of the surcharge, which was to partially offset the fluctuating price of jet fuel. Air Canada said Tuesday it disagrees with the allegations.Chorus Aviation Inc. (TSX:CHR). Unchanged at $7.68. The head of Chorus Aviation Inc. is playing down questions about how the sale of Bombardier Inc.'s CRJ Series aircraft will affect the company's leasing business, which continued to make strides last quarter. Joe Randell noted Tuesday that Mitsubishi Heavy Industries Ltd., which bought the floundering regional jet program from Bombardier in June, scooped up the maintenance and marketing activities for the CRJ — though not its manufacturing operations — as part of the $550-million deal. Chorus, which leases planes across the globe and provides regional service for Air Canada, signed an agreement in February for nine more CRJs.Transat A.T. (TSX:TRZ). Up nine cents to $16.84. An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada. Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or about $200 million more. ISS says the acquisition by Canada's largest airline is supported by the significant premium and certainty of the all-cash offer, execution risks associated with other alternatives and the sale process that gave other bidders time to submit superior offers.Brookfield Business Partners (TSX:BBU.UN). Up $1.26 or 2.7 per cent to $47.92. Brookfield Business Partners has signed a deal to buy a controlling interest in Genworth MI Canada Inc. for $2.4 billion. Under the deal, Brookfield has agreed acquire 48.9 million shares, or a roughly 57 per cent interest, in the business from the Virginia- based parent company Genworth Financial Inc. at a price of $48.86 per share. Genworth Canada is a private provider of mortgage default insurance for Canadian residential mortgage lenders. The Canadian Press
MONTREAL — A Quebec Superior Court judge has authorized a class action lawsuit against Air Canada after the company allegedly used a surcharge to bill passengers for the cost of fuel and then some.The lawsuit, approved to proceed as a class action Monday, argues the country's largest airline "illegally overcharged its customers" by more than 200 per cent — and more than the fuel cost itself — on some flights.Michael Vathilakis, the petitioners' lawyer, said Air Canada misrepresented the stated purpose of the surcharge, which was to partially offset the fluctuating price of jet fuel.“What Air Canada did was represented to passengers that they were collecting this amount in order to offset volatility, when in fact the allegations are that they were in many cases actually reaping a real profit on it," Vathilakis said in a phone interview.“In multiple cases, they charged an amount that was equal to or higher than the entire cost of fuel for the flight.”The lawsuit cites one example in which Air Canada allegedly charged business and economy passengers 105 per cent of the total fuel cost on a flight to Paris in January 2014.Each economy passenger on that flight allegedly paid $238 in fuel surcharges alone — $163 more than they should have, according to Air Canada's definition of the charge. The airline took in $73,878 in fuel supplements on the flight, rather than the $23,164 it should have charged, according to the lawsuit.The suit states Air Canada's contract with consumers allows it to charge them up to one-third of the cost of fuel.The class action concerns customers in Quebec who bought international tickets to destinations outside the U.S., Mexico and the Caribbean between April 2012 and November 2014.The plaintiffs, brothers George and David Itzkovitz, are requesting damages of $273 million for affected passengers.Air Canada said Tuesday it disagrees with the allegations."We intend to vigorously defend our position through the courts," spokeswoman Angela Mah said in an email.The lawsuit is not the first time frustration over fuel charges has bubbled to the surface.Last year, the Quebec Court of Appeal upheld a lower court authorization of a class action lawsuit for provincial residents who paid fuel surcharges when redeeming Aeroplan points to buy Air Canada flights within Canada or the U.S.In 2017, the Quebec Superior Court authorized a class action against Air Canada over fuel surcharges that allegedly topped actual fuel costs on international flights. Companies in this story: (TSX:AC)Christopher Reynolds, The Canadian Press
The ongoing trade war between the U.S. and China is expected to rattle markets on Tuesday. Making matters worse, a crash in Argentina’s peso and stock market along with ongoing protests in Hong Kong have investors looking for U.S. bonds and gold.
Transat says Group Mach’s most recent share purchase offer – which the airline and travel company previously called “highly abusive” and “misleading” – has been blocked by Quebec’s securities regulator.
OTTAWA — The Federal Court of Appeal has dismissed a legal challenge by former Air Canada pilots who claimed that the company was wrong to force some to retire at age 60.The dismissal of an appeal by 18 ex-pilots stems back to a Canadian Human Rights Tribunal ruling that the airline had the right to compel some pilots to retire at an age it deemed to be the industry standard.The issue of retirement age for Air Canada pilots has come up both at the tribunal and in federal court numerous times in the past decade in an industry plagued by pilot shortages.Friday's decision marked the third case to fail on appeal following rulings at the tribunal and federal court levels.Pilots let go in 2011 and 2012, who brought forward the latest legal challenge, argued unsuccessfully that Air Canada discriminated against them by entering into a collective agreement that imposed mandatory retirement. Companies in this story: (TSX:AC) The Canadian Press
MONTREAL, Aug. 11, 2019 /CNW Telbec/ - Air Canada and Transat A.T. Inc. ("Transat") announced today that Air Canada has agreed to increase the purchase price for the acquisition of all issued and outstanding shares of Transat, from $13 to $18 per share and have amended the Arrangement Agreement dated June 27, 2019 accordingly. Based on the increased consideration, the value of the all-cash transaction is approximately $720 million.
It’s been a tremendous decade for shareholders of Air Canada (TSX:AC)(TSX:AC.B). Find out why the latest news to affect the ongoing 737 MAX groundings could spell trouble for its share price through the remainder of 2019.
Air Canada (TSX:AC)(TSX:AC.B), Canadian National Railway Company (TSX:CNR)(NYSE:CNI), and TC Energy Corp (TSX:TRP)(NYSE:TRP) are among the biggest surprises on the TSX so far in 2019. Investors can take advantage before the stocks rise to new highs.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Top 10 to be revealed in November issue of Air Canada enRoute Magazine TORONTO , Aug. 8, 2019 /CNW Telbec/ - Air Canada is proud to present the 35 nominees for Canada's Best New Restaurants presented by ...
Awards reflect preference of millennials, the world's fastest growing travel demographic MONTREAL , Aug. 7, 2019 /CNW Telbec/ - Air Canada was named Favorite Airline in North America in a survey of global ...
MONTREAL , Aug. 6, 2019 /CNW Telbec/ - Air Canada said today that during the permitted open period following the release of its Second Quarter results, Calin Rovinescu, President and Chief Executive Officer, ...
MONTREAL, Aug. 6, 2019 /CNW Telbec/ - Air Canada is making travel more fun and convenient for families. Anyone flying Air Canada, Air Canada Rouge or Air Canada Express with young children will be able to take advantage of dedicated check-in counters at major hubs, including a new counter at Calgary International Airport, new complimentary on-board travel goodies, and new fun children's meal options designed to meet the needs of travelling families. Air Canada is pleased to offer these special new services to make travel fun for our youngest flyers and easy for parents flying with young children," said Andrew Yiu, Vice President of Product at Air Canada.
Transat A.T. Inc. is slamming Group Mach’s most recent purchase offer as “highly abusive, coercive” and “misleading” and is urging shareholders to vote against the proposed bid.
MONTREAL, Aug. 1, 2019 /CNW Telbec/ - Air Canada today announced a partnership with award-winning Canadian Chef Antonio Park to design destination inspired meals that will be exclusively featured on select Air Canada flights to Asia and South America. Chef Park's designs will complement Chef David Hawksworth's and will guide Air Canada's flight caterers in creating a selection of meal options on international flights, starting with Montreal-Tokyo-Narita, a route that links two cities he has called home.