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  5. AC: Hello, Air Canada seems to keep sliding. [Air Canada Voting and Variable Voting Shares]
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Q: Hello,

Air Canada seems to keep sliding. Good entry point?

Thanks.
Asked by Satish on July 19, 2024
5i Research Answer:

We do not think it is worth owning currently and the whole airline sector has been a headache over recent years. AC is extremely cheap at 4.7x forward earnings but the stock has also declined 33% over the last year and is highly levered. We think it is not worth the risk in hoping for a turnaround. There is no dividend while one waits, and of course it is highly economically sensitive. 

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