TSX:ACAirlines
Air Canada (TSX:AC) Margin Miss Challenges Bullish Narrative Despite Strong Growth Forecasts
Air Canada (TSX:AC) is projecting earnings growth of 13.9% per year and revenue growth of 6.2% per year, both coming in ahead of the broader Canadian market averages. The company’s current net profit margin stands at 6.6%, down from last year's 7.9%, with recent trailing results aided by a CA$63.0 million one-off gain. With its stock trading at just 3.8 times earnings and well below some analyst fair value estimates (CA$18.75 share price vs. CA$52.82 fair value), investors are weighing...