Market PositionAir Canada is the number one player in a quasi-duopoly market with an attractive international franchise and a world-class loyalty program.
Share RepurchaseAir Canada is in a strong position to underwrite a potentially sizable share repurchase plan, which should be highly accretive and well-received by investors.
Stock ValuationAir Canada remains significantly undervalued on an EV/EBITDA basis versus other full service carriers, and it is expected that this valuation gap will close.