07:36:59 EDT Sat 27 Apr 2024
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or Name
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CA



Air Canada
Symbol AC
Shares Issued 358,469,286
Close 2023-11-27 C$ 17.60
Market Cap C$ 6,309,059,434
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Post/CP say Air Canada's passenger numbers stay up

2023-11-27 07:33 ET - In the News

Also In the News (C-ONEX) Onex Corp

The Financial Post reports in its Monday edition that demand for air travel may be levelling off after climbing close to prepandemic levels over the summer, as the rising cost of living weighs on Canadians' wallets. A Canadian Press dispatch to the Post says that airline ticket sales dropped from September to October, when they typically rise ahead of the holiday season, said Christopher Cave at Flighthub travel agency. "There is a bit of anxiety around ticket prices. There is a bit of anxiety around the overall economy, interest rates and so on. So we have to anticipate the potential softening of the travel market over the next 12 months," Mr. Cave told CP. Sales at U.S. travel agencies in October fell 5 per cent below levels from September and 2 per cent from a year earlier, according to data from Airlines Reporting Corp., which processes tickets for agencies. However, Air Canada boss Michael Rousseau said last month that demand remains "very stable," with advance ticket sales in its third quarter up 55 per cent year-over-year. The travel sector came roaring back this year, with seat capacity among the big Canadian carriers at 92 per cent of 2019 levels, according to figures from aviation data firm Cirium.

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