TSX:ACAirlines
Air Canada (TSX:AC) Stock Looks Reasonable On Its 49% Run
Air Canada has delivered a strong stretch of gains, and the question now is whether that share price is properly anchored to the earnings the airline is generating. After a powerful rebound in travel demand and a busy period for the business, investors are asking if the current valuation still lines up with what the income statement is doing.
Over the past year the stock has returned 49.4%, which puts real pressure on the numbers to show that this move is grounded in sustainable earnings...