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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (127051)	6/20/2022 2:17:37 PM
From: Goose94	Read Replies (1) of 202175

Air Canada (AC-T) top pick from Teal Linde on BNN.ca Market Call Monday June 20th @ 1200ET Air Canada’s booking data through the end of May points to Q2/22 net passenger revenues tracking 8.8 per cent below the same period in 2019. North American demand is leading the recovery, followed by Atlantic markets and then Asia. Yet despite enjoying the strongest revenue improvements since the pandemic began, Air Canada’s stock recently fell back to 2020 price levels as part of the recent stock market rout. Benefitting from a combination of tight capacity and pent-up demand, Air Canada’s stock appears oversold and well-positioned for a bounce-back upon stabilizing market sentiment.

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