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Gold/Mining/Energy : Air Canada

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From: Internship	4/7/2020 2:04:03 AM
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Are they going down again? Many consultants from the travel industry would complain regarding the waiting time because they knew Air Canada would make customers& agencies alike wait endlessly on the lines. They also went bankrupt in 2003. Lots of people lost tons of money to that pit. Is this possible again? The motley fool reports on the matter. Air Canada emerged from bankruptcy protection 18 months after April 1, 2003. The company went through a court-approved restructuring program. ACE Aviation Holdings became the new parent company and was listed on the TSX as AC.B. Stockholders in the old company got nothing, and were given a prior warning by Air Canada that the old shares will be worthless as a result of the restructuring. fool.ca vice.com cantechletter.com ft.com Air Canada was a high flyer in 2019 and one of the best-performing stocks in the past decade. At the beginning of 2009, the stock price was $1.88. By year-end 2019, it was trading at $48.51 or a whopping 2,480% increase. As of this writing, the share price is $15.75, and the year-to-date loss is 67.5%.

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