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Air Canada Can Fly High Again (TSX:AC:CA)

Air Canada Can Fly High Again (TSX:AC:CA)
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Air Canada Stock Jumps 5% Today: Could Air Canada Soar in 2022?

Here's why investors in Air Canada (TSX:AC) stock are singing the praises of Canada's biggest airline today.

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air canada highest stock price

air canada highest stock price
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Air Canada Stock: Prepare for This Stock to Hit $50 by September

Air Canada Stock: Prepare for This Stock to Hit $50 by September
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Why Analysts Appear to Be Bearish on Air Canada Stock Right Now

Why Analysts Appear to Be Bearish on Air Canada Stock Right Now
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Investors are increasingly looking to take advantage of pandemic reopening plays. In this market, there are many who believe
However, some analysts appear to be bearish on Air Canada at its current level. Indeed, Air Canada stock has made a sharp recovery following the fallout from the pandemic last year. Shares of Air Canada have more than doubled from their pandemic lows. Accordingly, some believe that little in the way of upside may exist at current levels.
Here’s more on the bearish take some pundits are taking with this stock today.

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Air Canada shares sink after government aid package takes discounted equity stake

The Globe and Mail
Allison Lampert and Ankit Ajmera
Reuters
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This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Air Canada AC-T shares sank as much as 6.7% on Tuesday after the carrier nabbed a long-delayed federal aid package that provides access to liquidity but gives the government a discounted stake in the airline.
Several analysts cut their price targets for Air Canada after the deal that was revealed on Monday, which gives the Canadian government a roughly 6% stake in the carrier at a discount of 14%.

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Air Canada to issue refunds to customers for flights cancelled

The Globe and Mail
David Paddon
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Air Canada AC-T has revised its COVID-19 refund policy to cover eligible customers who bought non-refundable airline tickets or vacation packages between Feb. 1, 2020, and April 13, 2021, the company said Tuesday.
Customers who have already accepted a travel voucher or Aeroplan points instead cash will also have the option to exchange these for a refund, it said.
The refunds follow a deal between the airline and federal government, which will provide a total of $5.9 billion in aid to Canada’s largest airline, including up to $1.4 billion to support the new refunds.

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