1152 ET - Air Canada's strategy that points into 2030 benefits may have some dips, but is overall sound. Kevin Chiang says in a CIBC report that while Air Canada's free cash flow outlook post-2027 is below what he anticipated, the company does benefit from a number of revenue opportunities that require an investment into its fleet and technology stack. In the near term, Chiang has a positive view on the supply-demand situation in the Canadian airline space, which bodes well for yields, coupled with flexibility in its growth plan should it need to. "We view its outlook as strategically sound and we believe the company does have flexibility to adjust if the revenue environment changes," he says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 11:52 ET (16:52 GMT)
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