Air Canada’s valuation remains lower than peers as work continues on its long haul expansion
Although Air Canada is one of the most venerable brands in North American aviation, its executives stress the airline remains in the midst of a business transformation with a major focus on strategic long haul expansion, reflected by significant growth in international markets during 2015 that is continuing full force into 2016.
The company still trades below most of its full service North American peers, and Air Canada executives attribute part of the weaker valuation to markets adopting a “wait and see” approach to the company’s current expansion strategy.
In the meantime, Air Canada remains focused on strengthening its balance sheet in order to gain favourable aircraft financing. It has a steady stream of 787 deliveries scheduled for the next couple of years before its 61 Boeing 737 Max aircraft begin delivery in 2018.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: firstname.lastname@example.org